An investment club decided to compare investment strategies. Starting with nine equal investment amounts, three invested in underperforming stocks. The relative amounts to invest in each of the stocks were chosen by a different member of the club for each fund. Three funds invested following the advice of a TV investment show host, with the same three members choosing the specific stocks and allocations for the three funds. And three funds invested by throwing darts at the page of the newspaper that lists stocks, and invested in each of the stocks hit by a dart, with the same three members throwing a set of darts. At the end of six months, the funds were compared. Complete parts a through c. b) What were the factors and factor levels? Select all that apply

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An investment club decided to compare investment strategies. Starting with nine equal investment amounts, three invested in underperforming stocks. The relative
amounts to invest in each of the stocks were chosen by a different member of the club for each fund. Three funds invested following the advice of a TV investment
show host, with the same three members choosing the specific stocks and allocations for the three funds. And three funds invested by throwing darts at the page of the
newspaper that lists stocks, and invested in each of the stocks hit by a dart, with the same three members throwing a set of darts. At the end of six months, the funds
were compared. Complete parts a through c.
b) What were the factors and factor levels? Select all that apply.
A. A factor is the investor, and its levels are Member A, Member B, and Member C.
B. A factor is the stock value, and its levels are the prices of the stocks
C. A factor is the club, and its levels are the different investment clubs.
D. A factor is the strategy, and its levels are Underperforming, TV, and Darts
E.
A factor is the TV host, and its levels are the different investment show hosts.
F. A factor is the portfolio, and the levels are the different portfolios for each strategy.
Transcribed Image Text:An investment club decided to compare investment strategies. Starting with nine equal investment amounts, three invested in underperforming stocks. The relative amounts to invest in each of the stocks were chosen by a different member of the club for each fund. Three funds invested following the advice of a TV investment show host, with the same three members choosing the specific stocks and allocations for the three funds. And three funds invested by throwing darts at the page of the newspaper that lists stocks, and invested in each of the stocks hit by a dart, with the same three members throwing a set of darts. At the end of six months, the funds were compared. Complete parts a through c. b) What were the factors and factor levels? Select all that apply. A. A factor is the investor, and its levels are Member A, Member B, and Member C. B. A factor is the stock value, and its levels are the prices of the stocks C. A factor is the club, and its levels are the different investment clubs. D. A factor is the strategy, and its levels are Underperforming, TV, and Darts E. A factor is the TV host, and its levels are the different investment show hosts. F. A factor is the portfolio, and the levels are the different portfolios for each strategy.
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