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In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage rates of return for the Mesozoic Fund. Rates of return on

In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage rates of return for the Mesozoic Fund. Rates of return on the market index are given for comparison.

12345Fund1.5+23.3+41.2+10.2+0.2Market index0.7+14.0+30.7+11.50.5

a.Calculate (a) the average return on both the Fund and the index, and (b) the standard deviation of the returns on each.(Do not round intermediate calculations. Round your answers to 2 decimal places.)

b.Did Ms. Sauros do better or worse than the market index on these measures?

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