On December 30, 2016, the Standard and Poor?s (S&P) 500 index hit an all-time high. During 2016, the S&P returned 12.25%. Here is a histogram of the 2016 net returns (total return ? annual expenses) for Money Magazine?s 50 Best Mutual Funds and ETFs (time .com/money/4616747/best-mutual-funds-etfs-money-50/).

a) From the histogram, give a short summary of the distribution (shape, center, spread, unusual features).

b) In general, how did these funds perform compared to the S&P 500?

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15 - 10 - -5 5 10 15 20 25 30 Net Return % # of Funds