The Morningstar mutual-fund rating system ranks mutual funds, using one to five stars. The stars divide the mutual-fund performances into quintiles: that is, a mutual fund with a one-star rating is in the bottom 20% of mutual funds in its category, a mutual fund with two-stars is in between the 21st and 40th percentile, and so on. These data can be found at: Top-Performing Mutual Funds by Category MorningStar yahoo.com/funds.html Obtain a random sample of at least 15 mutual funds from each investment category. Determine the 3 years rate of return for each fund. Obtain a 95% confidence interval for the difference between the mean rates of return. Interpret the interval. Write a report detailing which investment category seems superior. Write a report (4-5 paragraphs) with supporting data supporting your conclusion. Take a screen shot of the results from Excel and paste them into your Word document. Additionally write a report (2-3 paragraphs) saying what you would invest your $10,000 inheritance in. Would you invest it all in the fund you found superior or would you diversify it across multiple funds? Please explain which funds out of your random sample you would invest in and the rationale for investing in each one.

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Description: The Morningstar mutual-fund rating system ranks mutual funds, using one to five stars. The stars divide the mutual-fund performances into quintiles: that is, a mutual fund with a one-star rating is in the bottom 20% of mutual funds in its category,

MATLAB: An Introduction with Applications

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Author:Amos Gilat

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The Morningstar mutual-fund rating system ranks mutual funds, using one to five stars. The stars divide the mutual-fund performances into quintiles: that is, a mutual fund with a one-star rating is in the bottom 20% of mutual funds in its category, a mutual fund with two-stars is in between the 21st and 40th percentile, and so on. These data can be found at:

Top-Performing Mutual Funds by Category
MorningStar
yahoo.com/funds.html

Obtain a random sample of at least 15 mutual funds from each investment category. Determine the 3 years rate of return for each fund.

Obtain a 95% confidence interval for the difference between the mean rates of return. Interpret the interval.

Write a report detailing which investment category seems superior. Write a report (4-5 paragraphs) with supporting data supporting your conclusion. Take a screen shot of the results from Excel and paste them into your Word document.

Additionally write a report (2-3 paragraphs) saying what you would invest your $10,000 inheritance in. Would you invest it all in the fund you found superior or would you diversify it across multiple funds? Please explain which funds out of your random sample you would invest in and the rationale for investing in each one.

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