Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi tutors, i need help for the following questions: QUESO 1 in an attempt to find the mean number of hours his tutorial classmates spent
Hi tutors, i need help for the following questions:
QUESO 1 in an attempt to find the mean number of hours his tutorial classmates spent per dav preparing for tutorials, John collected data from 10 of his friends in the tutorial group and found that the sample mean is 2.4 hours with a sample standard deviation of 0.8 hours. However, a davr later he felt that the sample size is too small. So he collected data from another 5 of his friends and found that the sample mean is 2.0 hours with a sample standard deviation of 1.2 hours. Find the sample mean and sample standard deviation when these 2 sets of data are combined. Question 2 Suppose the rates of return {in as} over the past 6 veers for two mutual funds are as follows: la} Compute the sample mean and standard deviation of Fund A. lb] Compute the sample mean and standard deviation of Fund B. lc} Compute the coefcient of variation {CV} for Fund A and B. id] in practice, CV is often used as a measure of risk because it measures the variation of the returns relative to the mean return. Based on the computed CV in {c}, which fund do you think has a higher investment riskStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started