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Scenario or Tasks A financial firm is interested in studying the effectiveness of two different investment strategies (Strategy A and Strategy B) on the returns

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Scenario or Tasks A financial firm is interested in studying the effectiveness of two different investment strategies (Strategy A and Strategy B) on the returns of 20 of their clients' portfolios. The firm has collected data on the "Initial Investment Amount (in 'OOO' USD)" and "Total Return The financial firm aims to analyze which investment strategy, Strategy A or Strategy B, yields better returns for their clients' portfolios based on the collected data. The management assigns you to be the analyst for this project. You are expected to submit a report which contains the results (with detailed computations), interpretations, and suggestions. You need to include the following: 1. Find the correlation coefficients between the initial investment amount and the total return for each strategy. [7 Marks] 2. Obtain the linear regression equation for each strategy using the simple linear regression model. [7 Marks] 3. Plot scatter diagrams to see the effect of each strategy, including the regression line, and interpret the results. [3 Marks] 3

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