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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

image text in transcribed
Year Automotive Gold 2001 22.82 24.99 2002 -6.48 64.28 2003 43.53 32.09 2004 7.11 -9.79 2005 -1.75 40.7 2006 13.33 25.43 2007 0.01 24.93 2008 -61.2 -20.49 2009 122.28 38 2010 46.18 35.25 2011 -26.16 -16.34 2012 26.17 -12.43 2013 46.67 -51.41 2014 2.79 8.51 2015 0.17 -17.88 2016 -5.83 47.28 2017 23.95 8.63

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