Determining mean cost and standard deviation

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Reference no: EM1316927

Q1) Which expense statement for client dinner has lower relative cost: Dinner A which costs of $95.75 for dinner submitted by salesperson with mean expense cost of= $77.50 and standard deviation of $25 per dinner or Dinner B which costs $135.30 for dinner submitted by salesperson with mean cost of $117.50 and standard deviation of $30 per dinner?

Q2) Which mutual fund has higher relative return: Fund A with return of 9.38% in group with mean return of 17.3% and standard deviation of 10% or Fund B with return of 12.42% in group with mean return of 16.7% and standard deviation of 8%?

Reference no: EM1316927

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