Refer to the data in Table 2.12.

a. Prepare a crosstabulation of the data on Fund Type (rows) and the Expense Ratio (%) (Columns). Use classes of .25–.49, .50–.74, .75–.99, 1.00–1.24, and 1.25–1.49 for Expense Ratio (%).
b. Prepare a percent frequency distribution for Expense Ratio (%).
c. What conclusions can you draw about fund type and the expenseratio?

Fund Type Net Asset Value ($) 28.88 Average Return (%) 12.39 Expense Ratio (%) Morningstar Rank Fund Name Amer Cent Inc & Growth Inv American Century Intl Disc American Century Tax-Free Bond FI American Century Ultra 24.94 24.95 Artisan Intl Val Artisan Small Cap Baron Asset 16.92 50.67 36.58 16.77 Brown Cap Small Buffalo Mid Cap Delafield DFA U.S. Micro Cap Dodge & Cox Income Fairholme Fidelity Contrafund Fidelity Municipal Income Fidelity Overseas Fidelity Sel Electronics Fidelity Sh-Term Bond Fidelity FPA New Income Gabelli Asset AAA Greenspring 15.85 17.25 3 13.47 12.51 17.23 4.31 18.23 17.99 12.58 48.39 23.46 13.50 39.85 49.81 32.26 16.70 4-Star 12.81 12.31 Janus Worldwide Kalmar Gr Val Sm Cp Managers Freemont Bond Marsico 21st Century Mathews Pacific Tiger Meridan Value 10.56 32.70 4 Star PIMCO Emerg Mkts Bd D RS Value A T. Rowe Price Latin Am T. Rowe Price Mid Val Templeton Growth A Thornburg Value A USAA Income Vanguard Equity-Inc Vanguard Global Equity Vanguard GNMA Vanguard Sht-Tm TE Vanguard Sm Cp Idx Wasatch Sm Cp Growth 13.57 26.27 22.46 37.53 4 Star 16.91 15.91 12.10 21.77 15.68 32.58 17.01 13.98 4 Star