Question
The accompanying data are the annual returns for two mutual funds offered by the investment giant Fidelity for the years 2001-2017.The Fidelity Select Automotive mutual
The accompanying data are the annual returns for two mutual funds offered by the investment giant Fidelity for the years 2001-2017.The Fidelity Select Automotive mutual fund invests primarily in companies engaged in the manufacturing, marketing, or sales of automobiles, trucks, specialty vehicles, parts, tires, and related services. The Fidelity Gold Mutual fund invests primarily in companies engaged in exploration, mining, processing, or dealing in gold and, to a lesser degree, in other precious metals and minerals. In a report, use the sample information from the Chapter 5 Data Files to:
- Calculate descriptive statistics to compare the returns of the mutual funds.
- Assess reward by constructing and interpreting 95% confidence intervals for the population mean return.What assumption did you make when constructing the confidence intervals?
Further, evaluate the Fidelity mutual funds to determine which funds may be susceptible to supply chain challenges as have happened during Covid. This may take some additional research from external sources such as the Wall Street Journal.Formulate a response, based on the statistical data and your external research that would provide recommendations as to expand the types of investments and industries that were not affected by Covid. Please provide support for your statements and also include citations if you refer to external sources.Also, please refer to the Case Analysis Guidance in the Getting Started and Warming Up module and make sure to address the requirements in the Case Analysis Rubric.
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