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The photo refers to the annual returns for two mutual funds offered by the investment giant Fidelity for the years 2001-2017. The Fidelity Select Automotive
The photo refers to 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. Use the sample information to:
- Determine the mean averages of the data provided.
- Calculate the descriptive statistics to compare the returns of the mutual funds.
- Asses the rewards by constructing and interpreting 95% confidence intervals for the population mean return. What assumptions did you make when constructing the confidence intervals?
Supply the data and explain the results found from the above questions
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