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

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

  1. the average return on both the fund and the index
  2. the standard deviation of the returns on each.
  3. Did Ms. Goldie Touch do better or worse than the market index on these measures?
    1 2 3 4 5
    Fund -1.2 +24.8 +40.7 +11.1 +0.3
    Market Index -0.9 +16.0 +31.7 +10.9 -0.7

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