Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
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.
12345Fund1.2+23.4+41.3+10.3+0.3Market index0.8+15.0+30.8+11.60.6
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?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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