Mutual funds mix different types of investments which alters performance. Use the tab titled BESTFUNDS1 to determine...

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Mutual funds mix different types of investments which altersperformance. Use the tab titledBESTFUNDS1 to determine if there is adifference between the one-year and three-year annualized returnfor the 20 mutual funds shown in the file. (a) Identify which typeof test is most appropriate for you to use, justify your answer.(b) Determine whether or not the mean return differs for the twoinvestment horizons (use α = .05). (c) Make sure to interpret theresults for real-world use (i.e., explain what the test allows youto conclude about the mutual funds).

Mutual FundOne-Year returnThree-Year Return
MutualFund 13.45.5
MutualFund 23.54.5
MutualFund 32.65.0
MutualFund 44.07.8
MutualFund 55.76.3
MutualFund 63.07.9
MutualFund 74.46.8
MutualFund 85.37.4
MutualFund 94.26.5
MutualFund 102.64.8
MutualFund 1114.821.3
MutualFund 1218.721.3
MutualFund 1314.420.3
MutualFund 1412.222.6
MutualFund 155.09.0
MutualFund 1623.112.7
MutualFund 177.59.2
MutualFund 188.09.5
MutualFund 1911.411.8
MutualFund 205.112.3

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