Top-performing mutual funds by category

Assignment Help Business Management
Reference no: EM133104065

You have just received an inheritance of $10,000 and you decide that you should invest the money rather than blow it on frivolous items. You have decided that you will invest the money in one of two types of mutual funds. The first type that you are considering follows a large-value approach to investing. This means that the mutual fund invests only in large, established companies that are considered a good bargain. The second type following a large-growth approach to investing. This means that the mutual fund invests in large companies that are experiencing solid revenue growth. To make an informed decision, you decide to reach the rate of return for the past 3 years for each type of mutual fund. The mutual fund must have a Morningstar rating of four or five stars.

The Morningstar mutual-fund rating system ranks mutual funds, using one to five stars. The stars divide the mutual-fund performances into quintiles: that is, a mutual fund with a one-star rating is in the bottom 20% of mutual funds in its category, a mutual fund with two-stars is in between the 21st and 40th percentile, and so on. These data can be found at:

  • Top-Performing Mutual Funds by Category
  • MorningStar
  • screen.yahoo.com/funds.html

1. Obtain a random sample of at least 15 mutual funds from each investment category. Determine the 3 years rate of return for each fund.

2. Obtain a 95% confidence interval for the difference between the mean rates of return. Interpret the interval.

Reference no: EM133104065

Questions Cloud

Derive the earliest completion time : Derive the earliest completion time (or early finish-EF), latest completion time (or late finish-LF), and slack for each of the following tasks (begin at time =
Develop a communication plan for the presentation : Develop a communication plan for the presentation of your key ideas to at least two types of audiences - identified legislation or regulation applies
Define the concept of duty of care : [1] On May 7, 2014, Brody, a four-year-old boy from Sandy Lake First Nation, died of complications from strep throat. Following an allegedly flawed coronial inv
Describe a situation where someone used jargon : Describe a situation where someone used Jargon you were unfamiliar with in a communication with you. Explain how it made you feel and any problems or difficulti
Top-performing mutual funds by category : You have just received an inheritance of $10,000 and you decide that you should invest the money rather than blow it on frivolous items. You have decided that y
Build a strong economy : After the meeting of the Board of Directors, the Chairwoman of the Board calls you into her office. She offers you a cup of coffee and is impressed with the inf
Describe what is meant by an operational audit : Describe what is meant by an operational audit. Explain how planning and reporting for operational auditing is similar to and different from financial auditing
University internal strengths and weaknesses : Colleges and universities, like all business, have strengths, weaknesses, and competitors. What would you consider to be an online university's internal strengt
Research paper on security goals : Write at least a 400 word research paper on Security Goals, Threats, Safeguards, and Ethical Use

Reviews

Write a Review

Business Management Questions & Answers

  Working remotely and organizational culture

The "work from home" stopgap measures that many businesses put in place as a response to pandemic lockdowns seem to have accelerated

  Describe the nature of work of your practicum site

Describe the nature of work of your practicum site. Are there specific goals and objectives to be met? How does the organization measure effectiveness?

  Query results in ascending order by default

Some databases sort the query results in ascending order by default... which RDBMS behave this way?

  Terms of corporate governance

Devise your own example of how a firm might differentiate itself in terms of corporate governance.

  Identify the elements of the general environment as outlined

Identify the elements of the general environment as outlined in Chapter 3! Then interview--in person, by phone or whatever means necessary or practical--a former or current employer/boss.

  The hudson river cleanup and ge

Who is responsible for the contaminated Hudson River? GE? EPA? State of New York? Local citizens? What ethical principles help to answer this question?

  Explain overall impact of technology

Explain the overall impact of technology on International business?what are general pros and con of localization?

  Regulation of international global labor standards

What is your opinion on the regulation of international global labor standards? Should all countries follow the same standards? Would it even be doable to implement? Do you think these standards would eliminate issues such as child labor and slave..

  Drive the behavior of employees

Three typical factors that drive the behavior of employees to act unethically are: A. Supervision, Motivation and Controls B. Opportunity, Rationalization and M

  Change the culture of an organization

What behaviors and processes can a leader adapt to change the culture of an organization

  Computing the present value of a debt security

Compute the present value of a five-year bond with a face value of $2,000, a 10% annual coupon payment, and an 8% effective rate.

  Revolutionary concept that can dramatically impact

Cloud computing, which is a pay-per-use computing model in which customers pay only for the computing resources they need

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd