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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.

1 2 3 4 5
Fund 1.3 +24.6 +40.6 +11.6 +0.4
Market index 0.6 +18.0 +31.6 +10.9 0.4

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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