NOTE: You need to use the Excel functions/tools rather than just typing numbers into the cells.
As a financial analyst intern, you have been asked to compare returns for two high-growth industries, health care and technology. One of your fellow interns has already started the project and has randomly sampled firms in each industry. The annual return data (given in percentages) is provided in the “MAT312 Excel Lab #4 Data File (see attached).
Part 1
Using Excel, determine the descriptive statistics for each industry. Then conduct the appropriate hypothesis test to determine whether the average returns in each industry differ (use a 5% significance level; assume that population variances are not equal.) The results of your testing need to be shown in the space provided in the file.
Part 2
Write a report that compares the descriptive statistics for each industry and comments on the reward and risk for each industry. Also, analyze the results of your statistical test and summarize the conclusion in the context of the problem. What are your final recommendations and why? This should be written as if you were writing a professional report to your employer, not an outline of tasks you did for a project in stat class.
