12th Edition

ISBN: 8220100460463

Author: Anderson

Publisher: CENGAGE L

Concept explainers

Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

Linear Correlation

A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.

Regression Analysis

Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as p…

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Textbook Question

Chapter 2.3, Problem 34E

Refer to the data in Table 2.12.

a. Prepare a crosstabulation with 5-Year Average Return as the columns and Net Asset Value as the rows. Use classes starting with 0 in increments of 5 for 5-Year Average Return and classes starting at 0 with increments of 10 for Net Asset Value.
b. Comment on the relationship, if any, between the variables.

TABLE 2.12 FINANCIAL DATA FOR A SAMPLE OF 45 MUTUAL FUNDS

Fund Name	Fund Type	Net Asset Value ($)	5-Year Average Return (%)	Expense Ratio (%)	Morningstar Rank
Amer Cent Inc & Growth Inv	DE	28.88	12.39	0.67	2-Star
American Century Intl. Disc	IE	14.37	30.53	1.41	3-Star
American Century Tax-Free Bond	FI	10.73	3.34	0.49	4-Star
American Century Ultra	DE	24.94	10.88	0.99	3-Star
Ariel	DE	46.39	11.32	1.03	2-Star
Artisan Intl Val	IE	25.52	24.95	1.23	3-Star
Artisan Small Cap	DE	16.92	15.67	1.18	3-Star
Baron Asset	DE	50.67	16.77	1.31	5-Star
Brandywine	DE	36.58	18.14	1.08	4-Star
Brown Cap Small	DE	35.73	15.85	1.20	4-Star
Buffalo Mid Cap	DE	15.29	17.25	1.02	3-Star
Delafield	DE	24.32	17.77	1.32	4-Star
DFA U.S. Micro Cap	DE	13.47	17.23	0.53	3-Star
Dodge & Cox Income	FI	12.51	4.31	0.44	4-Star
Fairholme	DE	31.86	18.23	1.00	5-Star
Fidelity Contrafund	DE	73.11	17.99	0.89	5-Star
Fidelity Municipal Income	FI	12.58	4.41	0.45	5-Star
Fidelity Overseas	IE	48.39	23.46	0.90	4-Star
Fidelity Sel Electronics	DE	45.60	13.50	0.89	3-Star
Fidelity Sh-Term Bond	FI	8.60	2.76	0.45	3-Star
Fidelity	DE	39.85	14.40	0.56	4-Star
FPA New Income	FI	10.95	4.63	0.62	3-Star
Gabelli Asset AAA	DE	49.81	16.70	1.36	4-Star
Greenspring	DE	23.59	12.46	1.07	3-Star
Janus	DE	32.26	12.81	0.90	3-Star
Janus Worldwide	IE	54.83	12.31	0.86	2-Star
Kalmar Gr Val Sm Cp	DE	15.30	15.31	1.32	3-Star
Managers Freemont Bond	FI	10.56	5.14	0.60	5-Star
Marsico 21st Century	DE	17.44	15.16	1.31	5-Star
Mathews Pacific Tiger	IE	27.86	32.70	1.16	3-Star
Meridan Value	DE	31.92	15.33	1.08	4-Star
Oakmark I	DE	40.37	9.51	1.05	2-Star
PIMCO Emerg Mkts Bd D	FI	10.68	13.57	1.25	3-Star
RS Value A	DE	26.27	23.68	1.36	4-Star
T. Rowe Price Latin Am.	IE	53.89	51.10	1.24	4-Star
T. Rowe Price Mid Val	DE	22.46	16.91	0.80	4-Star
Templeton Growth A	IE	24.07	15.91	1.01	3-Star
Thornburg Value A	DE	37.53	15.46	1.27	4-Star
USAA Income	FI	12.10	4.31	0.62	3-Star
Vanguard Equity-Inc	DE	24.42	13.41	0.29	4-Star
Vanguard Global Equity	IE	23.71	21.77	0.64	5-Star
Vanguard GNMA	FI	10.37	4.25	0.21	5-Star
Vanguard Sht-Tm TE	FI	15.68	2.37	0.16	3-Star
Vanguard Sm Cp Idx	DE	32.58	17.01	0.23	3-Star
Wasatch Sm Cp Growth	DE	35.41	13.98	1.19	4-Star

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Chapter 2.3, Problem 33E

Chapter 2.3, Problem 35E

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Chapter 2 Solutions

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Solution Summary: The author explains the step-by-step procedure to construct cross tabulation using MINITAB software.

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