A senior analyst working for Ameritrade has reviewed purchases his customers have made over the last six months He has categorized the mutual funds purchased into eight categories (1) Aggressive Growth (AG), (2) Growth (G), (3) Growth Income (G I), (4) Income Funds (IF), (5) International (I), (6) ...

a Using the steps outlined in the chapter Step 1 The parameters of interest are the average percenta ...

A senior analyst working for Ameritrade has reviewed purchases his customers have made over the last six

Question:

A senior analyst working for Ameritrade has reviewed purchases his customers have made over the last six months. He has categorized the purchased into eight categories: (1) Aggressive Growth (AG), (2) Growth (G), (3) Growth-Income (G-I), (4) Income Funds (IF), (5) International (I), (6) Asset Allocation (AA), (7) Precious Metal (PM), and (8) Bond (B). The percentage gains accrued by 3 randomly selected customers in each group are as follows:

a. Develop the appropriate ANOVA table to determine if there is a difference in the average percentage gains accrued by his customers among the mutual fund types. Use a significance level of 0.05.
b. Use the Tukey-Kramer procedure to determine which mutual fund type has the highest average percentage gain. Use an experiment-wide error rate of 0.05.

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...