EBK MODERN BUSINESS STATISTICS WITH MIC
5th Edition
ISBN: 9780100475038
Author: williams
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 3.1, Problem 17E
a.
To determine
Calculate the weighted average total return for the mutual fund M.
b.
To determine
Check whether or not there is any difficulty associated with using the “number of funds” as the weights in computing the weighted average total return for mutual fund M in Part (a).
Find any other category that can be used for weights.
c.
To determine
Compute the expected return on the portfolio.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The following table shows the total return and the number of funds for four categories of mutual funds.
Type of Fund
Number of Funds
Total Return (%)
Domestic Equity
9191
4.65
International Equity
2621
18.15
Specialty Stock
1419
11.36
Hybrid
2900
6.75
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds.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?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 funds, and $1000 in Hybrid funds. What is the expected return on the portfolio?
The following table shows the total return and the number of funds for four categories of mutual funds.
Excel File: data03-17.xlsx
Type of Fund Number of Funds Total Return (%)
Domestic Equity 9,191 4.65
International Equity 2,621 18.15
Specialty Stock 1,419 11.36
Hybrid 2,900 6.75
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?
(i) Using "number of funds" as weights will only be a good approximation if the amount invested in various funds is approximately equal. The amount invested in each fund could be used for weights.
(ii) Using "number of funds" as weights results in a good…
Slamet is a young entrepreneur who started his business by opening 5 “Bebek Mas Slamet” restaurants in different locations, namely in Blok S, Blok M, Blok A, Senayan, and Depok areas. Because it is still in its infancy, Slamet still frequently observes data on the number of sales portions of Fried Duck which is the mainstay of the restaurant "Bebek Mas Slamet". The following data shows the total sales of Bebek Goreng for the last two days for the time of day, afternoon, and evening that Slamet is observing from the four restaurant locations
Penjualan
Siang
Sore
Malam
Blok S
40
41
30
32
43
43
Blok M
36
40
35
33
45
46
Blok A
40
45
39
48
46
50
Senayan
34
37
36
35
45
44
Depok
36
40
37
34
47
48
Help Slamet to analyze the data on the sales of fried duck over the past two days by answering some of the questions in this question. Some of the results of the calculation of the sum of squares…
Chapter 3 Solutions
EBK MODERN BUSINESS STATISTICS WITH MIC
Ch. 3.1 - 1. Consider a sample with data values of 10, 20,...Ch. 3.1 - 2. Consider a sample with data values of 10, 20,...Ch. 3.1 - 3. Consider the following data and corresponding...Ch. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - 7. The average number of minutes Americans commute...Ch. 3.1 - Prob. 8ECh. 3.1 - Prob. 9ECh. 3.1 - Advertising Spending. Which companies spend the...
Ch. 3.1 - Prob. 11ECh. 3.1 -
The Big Bang Theory, a situation comedy...Ch. 3.1 - Automobile Fuel Efficiencies. In automobile...Ch. 3.1 -
The data contained in the DATAfile named...Ch. 3.1 - 15. Martinez Auto Supplies has retail stores...Ch. 3.1 - 16. The grade point average for college students...Ch. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Annual revenue for Corning Supplies grew by 5.5%...Ch. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.2 - 23. Consider a sample with data values of 10, 20,...Ch. 3.2 - Prob. 24ECh. 3.2 - Consider a sample with data values of 27, 25, 20,...Ch. 3.2 - Prob. 26ECh. 3.2 - Round-Trip Flight Prices. The following table...Ch. 3.2 -
The Australian Open is the first of the four...Ch. 3.2 - Air Quality Index. The Los Angeles Times regularly...Ch. 3.2 - Prob. 30ECh. 3.2 -
The results of Accounting Principals’ latest...Ch. 3.2 - Prob. 32ECh. 3.2 - Scores turned in by an amateur golfer at the...Ch. 3.2 - Consistency of Running Times. The following times...Ch. 3.3 - 35. Consider a sample with data values of 10, 20,...Ch. 3.3 - 36. Consider a sample with a mean of 500 and a...Ch. 3.3 - 37. Consider a sample with a mean of 30 and a...Ch. 3.3 - 38. Suppose the data have a bell-shaped...Ch. 3.3 - 39. The results of a national survey showed that...Ch. 3.3 - 40. The energy information Administration reported...Ch. 3.3 -
The national average for the math portion of the...Ch. 3.3 - 42. Many families in California are using backyard...Ch. 3.3 - Prob. 43ECh. 3.3 - NCAA Basketball Game Scores. A sample of 10 NCAA...Ch. 3.3 - Prob. 45ECh. 3.4 - Consider a sample with data values of 27, 25, 20,...Ch. 3.4 - Prob. 47ECh. 3.4 - Prob. 48ECh. 3.4 - Prob. 49ECh. 3.4 - Naples Half-Marathon Times. Naples, Florida, hosts...Ch. 3.4 - Pharmaceutical Company Sales. Annual sales, in...Ch. 3.4 - Cell Phone Companies Customer Satisfaction....Ch. 3.4 - Prob. 53ECh. 3.4 - Prob. 54ECh. 3.5 - Five observations taken for two variables...Ch. 3.5 - Prob. 56ECh. 3.5 - Prob. 57ECh. 3.5 - Driving Speed and Fuel Efficiency. A department of...Ch. 3.5 - Prob. 59ECh. 3.5 - Prob. 60ECh. 3.5 - Prob. 61ECh. 3 - Americans Dining Out. Americans tend to dine out...Ch. 3 - Prob. 63SECh. 3 - Physician Office Waiting Times. The average...Ch. 3 - Prob. 65SECh. 3 - Prob. 66SECh. 3 - Work Commuting Methods. Public transportation and...Ch. 3 - Prob. 68SECh. 3 - Prob. 69SECh. 3 - Prob. 70SECh. 3 - Prob. 71SECh. 3 - MLB Team Winning Percentages. Does a major league...Ch. 3 - 73. The days to maturity for a sample of five...Ch. 3 - Prob. 74SECh. 3 - Annual Returns for Panama Railroad Company Stock....Ch. 3 - Pelican Stores, a division of National Clothing,...Ch. 3 -
The motion picture industry is a competitive...Ch. 3 - The pursuit of a higher education degree in...Ch. 3 - Although millions of elephants once roamed across...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- The following table gives the 2012 total payroll (in millions of dollars) and the percentage of games won during the 2012 season by each of the National League baseball teams. Team Total Payroll (millions of dollars) Percentage of Games Won Arizona Diamondbacks 83 46 Atlanta Braves 89 35 Chicago Cubs 110 57 Cincinnati Reds 111 34 Colorado Rockies 93 39 Los Angeles Dodgers 264 51 Miami Marlins 59 38 Milwaukee Brewers 99 39 New York Mets 95 53 Philadelphia Phillies 127 33 Pittsburgh Pirates 82 58 San Diego Padres 92 40 San Francisco Giants 164 46 St. Louis Cardinals 112 59 Washington Nationals 156 45 Compute the coefficient of determination, ρ2, with percentage of games won as the dependent variable. (Note that this data set belongs to a population.) Carry out all calculations exactly, and round the final answer to three decimal places.arrow_forwardThe following data show the percentage of 17 to 24 year olds who are attending college in several metropolitan statistical areas in four geographic regions of the united states (U.S. Census Bureau website, April 2015)arrow_forwardCincinnati Paint Company sells quality brands of paints through hardware stores throughout the United States. The company maintains a large sales force who call on existing customers and look for new business. The national sales manager is investigating the relationship between the number of sales calls made and the miles driven by the sales representative. Also, do the sales representatives who drive the most miles and make the most calls necessarily earn the most in sales commissions? To investigate, the vice president of sales selected a sample of 25 sales representatives and determined: The amount earned in commissions last month (y) The number of miles driven last month (x1) The number of sales calls made last month (x2) The information is reported below. Commissions ($000) Calls Driven Commissions ($000) Calls Driven 23 68 2,372 39 188 3,291 14 30 2,229 44 218 3,103 34 136 2,733 29 105 2,123 39 180 3,353 38 162 2,794 24 77 2,291 37 154 3,209 47 186 3,451 15 25…arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY