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4.-b) A certain technology-based mutual funds reports a rate of return of 12.4%, while the mean rate of return for comparable funds is = 7.8%
4.-b) A certain technology-based mutual funds reports a rate of return of 12.4%, while the mean rate of return for comparable funds is = 7.8% and standard deviation = 2.1%. Calculate the z-score for this particular mutual fund. Is it unusual? Answer: Z-score =2.19 Is it unusual? YES NO because: its rate of return is significantly higher than the mean rate of return for comparable funds
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
