# Question: You invest your life’s savings in 5 different hedge fund companies, each of which invests your money in 10 different in-house funds. You realize that this type of investing is risky, but you want the maximum long-term growth rate. After one year, the results are as listed in the table. Are the hedge fund companies equally good, or are there statistically significant differences between them?

`Transcribed text From Image: You invest your life's savings in 5 different hedge fund companies, each of which invests your money in 10 different in-house funds. You realize that this type of investing is risky, but you want the maximum long-term growth rate. After one year, the results are as listed in the table. Are the hedge fund companies equally good, or are there statistically significant differences between them?`
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`Answer:`

H0: There is no significance difference among the 5 companies

H1: There is significance difference among the 5 companies

Let the los be alpha = 5%

Here P-value 0.148 which is > alpha 0.05, So we accept H0

Thus we conclude that  There is no significance difference among the 5 companies