EBK BUSINESS STATISTICS
7th Edition
ISBN: 9780134462783
Author: STEPHAN
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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Chapter 2, Problem 2.68AC
(a)
To determine
To construct: a table that tallies type, risk and rating.
(b)
To determine
To find: the number of fundsand the conclusions about the funds
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The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows:
Click on the datafile logo to reference the data.
DATA file
Albuquerque
23.3
Jacksonville
26.2
Phoenix
28.3
Atlanta
28.3
Kansas City
23.4
Pittsburgh
25.0
Austin
24.6
Las Vegas
28.4
Portland
26.4
Baltimore
32.1
Little Rock
20.1
Providence
23.6
Boston
31.7
Los Angeles
32.2
Richmond
23.4
Charlotte
25.8
Louisville
21.4
Sacramento
25.8
Chicago
38.1
Memphis
23.8
Salt Lake City
20.2
Cincinnati
24.9
Miami
30.7
San Antonio
26.1
Cleveland
26.8
Milwaukee
24.8
San Diego
24.8
Columbus
23.4
Minneapolis
23.6
San Francisco
32.6
Dallas
28.5
Nashville
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San Jose
28.5
Denver
28.1
New Orleans
31.7
Seattle
27.3
Detroit
29.3
New York
43.8
St. Louis
26.8
El Paso
24.4
Oklahoma City
22.0
Tucson
24.0
Fresno
23.0
Orlando
27.1
Tulsa
20.1
Indianapolis
24.8
Philadelphia
34.2
Washington, D.C.
32.8
a. What is the mean commute time for…
Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
Chapter 2 Solutions
EBK BUSINESS STATISTICS
Ch. 2 - Prob. 2.1LBCh. 2 - The following data represent the responses to two...Ch. 2 - Prob. 2.3ACCh. 2 - Prob. 2.4ACCh. 2 - Prob. 2.5ACCh. 2 - Prob. 2.6ACCh. 2 - Prob. 2.7ACCh. 2 - A survey of 1,085 adults asked Do you enjoy...Ch. 2 - Prob. 2.9ACCh. 2 - Prob. 2.10AC
Ch. 2 - Prob. 2.11LBCh. 2 - Prob. 2.12LBCh. 2 - Prob. 2.13LBCh. 2 - Prob. 2.14LBCh. 2 - The file NBACost2013 contains the total cost ($)...Ch. 2 - The file UTILITY contains the following data about...Ch. 2 - Prob. 2.17ACCh. 2 - One operation of a mill to cut pieces of steel...Ch. 2 - A manufacturing company produces steel housings...Ch. 2 - Prob. 2.21ACCh. 2 - Prob. 2.22ACCh. 2 - Prob. 2.23ACCh. 2 - An online survey of CFA Institute members was...Ch. 2 - Prob. 2.25ACCh. 2 - Prob. 2.26ACCh. 2 - Prob. 2.27ACCh. 2 - The following table indicates the percentage of...Ch. 2 - Prob. 2.29ACCh. 2 - Prob. 2.30ACCh. 2 - A study of Kickstarter projects showed that 54.2%...Ch. 2 - Prob. 2.32ACCh. 2 - Prob. 2.33LBCh. 2 - Prob. 2.34LBCh. 2 - Prob. 2.35ACCh. 2 - Prob. 2.37ACCh. 2 - The file UTILITY contains the following data about...Ch. 2 - Prob. 2.39ACCh. 2 - Prob. 2.40ACCh. 2 - Prob. 2.41ACCh. 2 - Prob. 2.42ACCh. 2 - Prob. 2.43ACCh. 2 - Prob. 2.45ACCh. 2 - Prob. 2.46ACCh. 2 - The data stored in DRINK represents the amount of...Ch. 2 - Prob. 2.48LBCh. 2 - Prob. 2.49LBCh. 2 - Prob. 2.50ACCh. 2 - Data were collected on the typical cost of dining...Ch. 2 - College football is big business, with coaches pay...Ch. 2 - Prob. 2.54ACCh. 2 - Prob. 2.56ACCh. 2 - Prob. 2.57ACCh. 2 - Prob. 2.58ACCh. 2 - Prob. 2.59ACCh. 2 - Prob. 2.60ACCh. 2 - Prob. 2.61ACCh. 2 - Prob. 2.66ACCh. 2 - Prob. 2.67ACCh. 2 - Prob. 2.68ACCh. 2 - Prob. 2.69ACCh. 2 - Prob. 2.71ACCh. 2 - (Student Project) The Data and Story Library...Ch. 2 - Prob. 2.73ACCh. 2 - Prob. 2.75ACCh. 2 - Figure 2.1 shows a bar chart and a pie chart for...Ch. 2 - Prob. 2.78ACCh. 2 - Prob. 2.79CYUCh. 2 - Prob. 2.80CYUCh. 2 - Prob. 2.81CYUCh. 2 - Compare and contrast the bar chart for categorical...Ch. 2 - Prob. 2.83CYUCh. 2 - Prob. 2.84CYUCh. 2 - What are the three different ways to break down...Ch. 2 - How can a multidimensional table differ from a...Ch. 2 - Prob. 2.87CYUCh. 2 - Prob. 2.88CRPCh. 2 - The owner of a restaurant that serves...Ch. 2 - Suppose that the owner of the restaurant in...Ch. 2 - Prob. 2.94CRPCh. 2 - One of the major measures of the quality of...Ch. 2 - Prob. 2.98CRPCh. 2 - The file CEO-Compensation includes the total...Ch. 2 - Prob. 2.100CRPCh. 2 - What was the average price of a room at two-star,...Ch. 2 - Prob. 2.102CRPCh. 2 - Prob. 2.103CRPCh. 2 - The following data (stored in Drink) represent...Ch. 2 - Prob. 2.106CRPCh. 2 - Prob. 2.109RWE
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