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Problem 3 ( 1 5 points ) : Use Excel and upload your file with answers. Must use formulas and labels whenever needed. We are
Problem points: Use Excel and upload your file with answers. Must use formulas and labels whenever needed.
We are studying mutual bond funds for the purpose of investing in several funds. For this particular study, we want to focus on the assets of a fund and its year performance. The question is: Can the year rate of return be estimated based on the assets of the fund? Nine mutual funds were selected at random, and their assets and rates of return are as follows:
tableFundtableAssets$ millionstableReturnAARP High Quality Bond,$Babson Bond LCompass Capital Fixed Income,Galaxy Bond Retail,Keystone Custodian BMFS Bond A$Nichols Income,T Rowe Price Shortterm,Thompson Income B
a Draw a scatter diagram.
b Compute the correlation coefficient.
c Write a brief report of your findings for parts a and b
Enter your name in cell A in the spreadsheet
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