Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN: 9781305627734
Author: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher: Cengage Learning
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Chapter 2, Problem 17P
Suppose that you initially 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:
Which of the two mutual funds performed better over this time period?
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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?
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.
Year
Stivers
Trippi
Year 1
$10,500
$5,600
Year 2
$11,800
$6,400
Year 3
$13,000
$6,900
Year 4
$14,000
$7,700
Year 5
$14,900
$8,600
Year 6
$16,100
$9,200
Year 7
$17,000
$9,900
Year 8
$18,200
$10,600
Compute the mean annual return for the Stivers mutual fund and for the Trippi mutual fund. Do not round intermediate calculations.
Stivers
Trippi
Mean annual return (to 3 decimals)
%
%
Which mutual fund performed better?
Suppose that at the beginning of 2004 you invested $8,500 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:
Year
Stivers
Trippi
1
$11,000
$5,600
2
$12,000
$6,300
3
$13,000
$6,900
4
$14,000
$7,600
5
$15,000
$8,500
6
$16,500
$9,200
7
$17,500
$9,900
8
$19,000
$10,600
Which of the two mutual funds performed better over this time period?
Chapter 2 Solutions
Essentials of Business Analytics (MindTap Course List)
Ch. 2 - A Wall Street Journal subscriber survey asked 46...Ch. 2 - The following table contains a partial list of...Ch. 2 - Ohio Logistics manages the logistical activities...Ch. 2 - A partial relative frequency distribution is...Ch. 2 - In a recent report, the top five most-visited...Ch. 2 - In a study of how chief executive officers (CEOs)...Ch. 2 - Consumer complaints are frequently reported to the...Ch. 2 - Reports have found that many U.S. adults would...Ch. 2 - Consider the following data: a. Develop a...Ch. 2 - Consider the following frequency distribution....
Ch. 2 - The owner of an automobile repair shop studied the...Ch. 2 - Approximately 1.65 million high school students...Ch. 2 - Consider a sample with data values of 10, 20, 12,...Ch. 2 - Consider a sample with data values of 27, 25, 20,...Ch. 2 - Consider a sample with data values of 53, 55, 70,...Ch. 2 - If an asset declines in value from 5,000 to 3,500...Ch. 2 - Suppose that you initially invested 10,000 in the...Ch. 2 - The average time that Americans commute to work is...Ch. 2 - Suppose that the average waiting time for a...Ch. 2 - According to the National Education Association...Ch. 2 - Return to the waiting times given for the...Ch. 2 - The results of a national survey showed that on...Ch. 2 - Suppose that the national average for the math...Ch. 2 - Five observations taken for two variables follow....Ch. 2 - The scatter chart in the following figure was...Ch. 2 - The economic downturn in 20082009 resulted in the...Ch. 2 - Heavenly Chocolates manufactures and sells quality...
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