Investment Institutions Usually Have Funds with Different Risk Versus Reward

question 109

Multiple Choice

Investment institutions usually have funds with different risk versus reward prospectuses. A trading magazine wants to determine if the returns of high-risk funds are greater than low-risk funds. The magazine records the return of high- and low-risk funds for a sample of 22 institutions. For the Wilcoxon signed-rank test, where D = high-risk return − low-risk return, the value of the test statistic is T = T⁺ = 185. Assuming that the sampling distribution of T can be approximated by the normal distribution, the value of the z test statistic is ________.

• A) 0.062
• B) 22
• C) 185
• D) 1.899

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Definitions:

Anglo Cultural Cluster

refers to a group of countries with cultural practices and values that are predominantly influenced by British heritage.

Assertiveness Orientation

A focus on the ability to express one’s opinions and needs in a confident and direct manner, often in the context of personal development or leadership training.

Gender Egalitarianism

The belief in or advocacy of equal rights, responsibilities, and opportunities for both genders, particularly in leadership and workplace settings.

Performance Orientation

An aspect of organizational culture that values achievement, results, and action as key outcomes of employee performance.