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The Wall Street Journal provides the net asset value, the year-to-date percent return, and the three-year percent return for 748 mutual funds ( The Wall Street Journal, December 15, 2014). Assume that a simple random sample of 12 of the 748 mutual funds will be selected for a follow-up study on the size and performance of mutual funds. Use the fourth column of the random numbers in Table 7.1, beginning with 51102, to select the simple random sample of 12 mutual funds. Begin with mutual fund 102 and use the last three digits in each row of the fourth column for your selection process. What are the numbers of the 12 mutual funds in the simple random sample?

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STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884
BuyFind

STATISTICS F/BUSINESS+ECONOMICS-TE...

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

Solutions

Chapter
Section
Chapter 7.2, Problem 9E
Textbook Problem

The Wall Street Journal provides the net asset value, the year-to-date percent return, and the three-year percent return for 748 mutual funds (The Wall Street Journal, December 15, 2014). Assume that a simple random sample of 12 of the 748 mutual funds will be selected for a follow-up study on the size and performance of mutual funds. Use the fourth column of the random numbers in Table 7.1, beginning with 51102, to select the simple random sample of 12 mutual funds. Begin with mutual fund 102 and use the last three digits in each row of the fourth column for your selection process. What are the numbers of the 12 mutual funds in the simple random sample?

Expert Solution
To determine

Find the number of the 12 mutual funds in the simple random sample.

Explanation of Solution

The given information is that the simple random sample of 12 of the 748 mutual funds is selected.

From the 4th column of table 7...

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Chapter 7 Solutions

STATISTICS F/BUSINESS+ECONOMICS-TEXT
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