Question: 3. Which mutual fund has a higher geometric mean? Is the geometric mean the same as the arithmetic mean? Why or why not? A. Calculate

3. Which mutual fund has a higher geometric mean? Is the geometric mean the same as the arithmetic mean? Why or why not?
A. Calculate the descriptive statistics for the following returns series by answering the questions below: Year 2014 2015 2016 2017 2018 2019 2020 Mutual Fund 1 12.5% 13.0% 13.0% 11.5% 13.0% 10.0% -2.0% Mutual Fund 2 3.5% 3.5% 3.0% 5.0% 3.0% 7.0% 51.0%
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