KThe accompanying data sets represent the annual rate of return (in percent) of eight randomly sampled bond mutual funds, and the annual rate of return (in percent) of eight randomly sampled stockmutual funds. Use the information in the table below to complete parts (a) through (d). Then complete part (e).Click the icon to view the data.(a) Determine the mean and standard deviation of each data set.The mean of the data set for bond mutual funds is.(Type an integer or decimal rounded to three decimal places as needed.)The standard deviation of the data set for bond mutual funds is(Type an integer or decimal rounded to three decimal places as needed.)The mean of the data set for stock mutual funds is(Type an integer or decimal rounded to three decimal places as needed.)The standard deviation of the data set for stock mutual funds is(Type an integer or decimal rounded to three decimal places as needed.)(b) Based on only the standard deviation, which data set has more spread?Based only on the standard deviation,have more spread.(c) What proportion of the bond mutual funds are within one standard deviation of the mean?(Type an integer or decimal rounded to three decimal places as needed.)What proportion of the stock mutual funds are within one standard deviation of the mean?(Type an integer or decimal rounded to three decimal places as needed.)(d) The coefficient of variation, CV, is defined as the ratio of the standard deviation to the mean of a data set.OQPrtScnOIHomeData tableBond mutualfunds3.42.12.61.82.03.62.92.2PrintEndF10Stock mutualfunds9.67.89.37.68.6 7.48.3 7.1DonePgUp- XPqDnNext1:45 PM11/12/2022 The accompanying data sets represent the annual rate of return (in percent) of eight randomly sampled bond mutual funds, and the annual rate of return (in percent) of eight randomly sampled stockmutual funds. Use the information in the table below to complete parts (a) through (d). Then complete part (e).Click the icon to view the dataCV=(d) The coefficient of variation, CV, is defined as the ratio of the standard deviation to the mean of a data set.standard deviationmean(Type an integer or decimal rounded to three decimal places as needed.)What is the CV of the data set for stock mutual funds?The CV allows for a comparison in spread by describing the amount of spread per unit mean. Compute the CV for both data sets.What is the CV of the data set for bond mutual funds?(Type an integer or decimal rounded to three decimal places as needed.)Based on the coefficient of variation,have more spread.Height ininches6875717468$677270Height incentimetersD172.72 172.72190.5 170.18180.34 182.88187.96 177.8What in the mean of the data ent for haight in inchne?C-(e) In the table below, the data set on the left has the heights of students measured in inches, while the data set on the right has the same students' heights measured in centimeters. For each dataset, determine the mean and the standard deviation. Draw a conclusion about the spread using the standard deviation, then find the coefficient of variation for both data sets.SOL***OPrtScnOHomeF9EndF10Data tablePgUpBond mutualfunds3.4 2.02.13.62.62.91.82.2PrintPgDnStock mutual Cfunds9.6 7.87.67.49.38.648.3f7.1DoneNext1:46 PM11/12/2022- XDel

“Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts for you. To get the remaining sub-part solved please repost the complete question and mention the sub-parts to be solved.” Given: n = 8 Formula Used: Mean X = ∑Xin Sample standard deviation s = ∑Xi-X2n-1Explanation: a). For Bond Mutual funds: X1 = 3.4+2.1+2.6+...............+2.28= 20.68= 2.575 s1 = 3.4-2.5752+2.1-2.5752+....................+2.2-2.57528-1= 3.1357= 0.447857= 0.669 For Stock Mutual funds: X2 = 9.6+9.3+8.6+...................+7.18= 65.78= 8.213 s2 = 9.6-8.2132+9.3-8.2132+.......................+7.1-8.21328-1= 5.708757= 0.8155357= 0.903b). For Bond Mutual funds: Standard deviation s1 = 0.669 For Stock Mutual funds: Standard deviation s2 = 0.903 Based on the only standard deviation the stock mutual funds have more spread. c). For Bond Mutual funds: One standard deviation of the mean = X ± s= 2.575 ± 0.669= 1.906, 3.244 The data set lies within the one standard deviation of the mean = 2, 2.1, 2.2, 2.6, 2.9 The proportion of the bond mutual funds are within one standard deviation of the mean is: = 58= 0.625 For Stock Mutual funds: One standard deviation of the mean = X ± s= 8.213 ± 0.903= 7.31, 9.116 The data set lies within the one standard deviation of the mean = 7.4, 7.3, 7.8, 8.3, 8.6 The proportion of the Stock mutual funds are within one standard deviation of the mean is: = 58= 0.625Answer: a). The mean of the data set for bond mutual funds is = 2.575 The standard deviation of the data set for bond mutual funds is = 0.669 The mean of the data set for stock mutual funds is = 8.213 The standard deviation of the data set for stock mutual funds is = 0.903 b). Based on the only standard deviation the stock mutual funds have more spread. c). The proportion of the bond mutual funds within one standard deviation of the mean is = 0.625 The proportion of the Stock mutual funds is within one standard deviation of the mean is = 0.625