The brief case for Chapter 4 listed the rate of return for 92 mutual funds over the

Question:

The brief case for Chapter 4 listed the rate of return for 92 over the previous 3-year and 5-year periods. It’s common for advertisements to carry the disclaimer that “past returns may not be indicative of future performance.” Do these data indicate that there was an association between 3-year and 5-year rates of return?
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...