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DO NOT USE EXCEL OR FINANCIAL CALCULATOR. SHOW STEPS. During the past 10 years, the percent returns on two mutual funds (aggressive and passive) expressed

DO NOT USE EXCEL OR FINANCIAL CALCULATOR. SHOW STEPS. image text in transcribed

During the past 10 years, the percent returns on two mutual funds (aggressive and passive) expressed in percentages were as follows: Note that this is a sample of returns. a) Compute the expected return for the two funds. Round your answers to two decimal places. Aggressive = Passive = b) Compute the variance and standard deviation of the returns of the two funds. Round your answers to two decimal places. Variance: Aggressive = Passive = Standard Deviation

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