Answer it correctly please. I ll rate accordingly with multiple votes. Explain well and Typed answer only. ### Understanding Data Sets in Mutual Funds**Overview**This educational module presents a comparison between the annual rates of return (in percent) for two types of mutual funds: bond mutual funds and stock mutual funds. The data presented has been randomly sampled from eight instances of each type of mutual fund.#### Data Set- **Bond Mutual Funds:** - 3.2, 1.9, 2.4, 1.6, 1.8, 3.4, 2.7, 2.0- **Stock Mutual Funds:** - 9.4, 9.1, 8.4, 8.1, 7.6, 7.4, 7.2, 6.9#### Tasks and Exercises1. **Statistical Analysis:** - (a) *Determine the Mean and Standard Deviation of Each Data Set:* - Compute the mean for both the bond mutual funds and the stock mutual funds. Remember to round off your final answers to three decimal places. Example input format: - `The mean of the data set for bond mutual funds is [ ].` - (Type an integer or decimal rounded to three decimal places as needed).#### InstructionsTo accurately solve this exercise, consider the following steps:- **Calculate the Mean:** - Add all the values in each data set and then divide by the number of values. - **Calculate the Standard Deviation:** - For each value, subtract the mean and square the result. - Find the mean of these squared differences. - Take the square root of that mean to obtain the standard deviation.This module's primary objective is to help you understand how to analyze and interpret the average performance (mean) and the variability (standard deviation) in returns on different types of mutual funds. Use the provided data to complete parts (a) through (d) and use your results comprehensively in part (e). Ensure that you perform each calculation carefully and round off your answers properly.

Let, x denotes bond mutual funds and y denotes the stock mutual funds .The data for both of them is…

Answered: The data set below on the left…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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