Suppose that at the beginning of Year 1 you invested 10,000 USD in the Stivers mutual fund and 5,000 USD in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Year Stivers Trippi Year 1 $11,000 $5,600 Year 2 $12,000 $6,300 Year 3 $12,900 $6,900 Year 4 $13,900 $7,600 Year 5 $14,900 $8,600 Year 6 $16,000 $9,300 Year 7 $17,100 $9,900 Year 8 $18,300 $10,70
Suppose that at the beginning of Year 1 you invested 10,000 USD in the Stivers mutual fund and 5,000 USD in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Year Stivers Trippi Year 1 $11,000 $5,600 Year 2 $12,000 $6,300 Year 3 $12,900 $6,900 Year 4 $13,900 $7,600 Year 5 $14,900 $8,600 Year 6 $16,000 $9,300 Year 7 $17,100 $9,900 Year 8 $18,300 $10,70
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....
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Suppose that at the beginning of Year 1 you invested 10,000 USD in the Stivers mutual fund and 5,000 USD in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below.
| Year | Stivers | Trippi |
| Year 1 | $11,000 | $5,600 |
| Year 2 | $12,000 | $6,300 |
| Year 3 | $12,900 | $6,900 |
| Year 4 | $13,900 | $7,600 |
| Year 5 | $14,900 | $8,600 |
| Year 6 | $16,000 | $9,300 |
| Year 7 | $17,100 | $9,900 |
| Year 8 | $18,300 | $10,700 |
a. Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations.
Mean annual return (to 3 decimals) Stivers is ____% and ____% for Trippi
b. Which mutual fund performed better?
Transcribed Image Text:Suppose that at the beginning of Year 1 you invested $10,000 in the Stivers mutual fund and $5,000 in the Trippi mutual fund. The value of each investment at the end of each
subsequent year is provided in the table below.
Mean annual return (to 3 decimals)
Which mutual fund performed better?
- Select your answer -
Year
%
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations.
Stivers
Trippi
Stivers
%
Trippi
$5,600
$6,300
$6,900
$7,600
$8,600
$9,300
$9,900
$10,700
$11,000
$12,000
$12,900
$13,900
$14,900
$16,000
$17,100
$18,300
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