Question
Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The
Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Year Stivers Trippi Year 1 $10,500 $5,700 Year 2 $11,900 $6,300 Year 3 $12,900 $7,000 Year 4 $13,900 $7,600 Year 5 $15,000 $8,600 Year 6 $16,100 $9,200 Year 7 $17,000 $9,900 Year 8 $18,000 $10,600 Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations. Stivers Trippi Mean annual return (to 3 decimals) 7.847 % 9.977 % Which mutual fund performed better? The Trippi mutual fund
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Modern Business Statistics With Microsoft Excel
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
6th Edition
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