a$.$ Do you see any relationship between mutual fund category and return? Which categories tend to have the higher returns? Why do you think this is$?$ b$.$ All the returns you collected are displayed as annual returns. $($i$.$e$.$ the $10-$year returns you found are not total return over $10$ years, but average annual return over $10$ years$).$ The long$-$term returns should reflect the long$-$term return potential of the fund, while the short$-$term $($YTD$)$ return is reflective of the most current performance. Is there a big difference between the long$-$term and short$-$term returns for your funds? Are the $5$ and $10$ year returns closer to each other than to the YTD return? c$.$ Explain your observations. Why do you think the returns have the pattern you observe?d$.$ Beta and Standard Deviation are measures of risk $($where higher numbers indicate greater risk$).$ Do you see any pattern between your fund returns and their risks? Does your observed relationship make sense? e$.$ Finally, expense ratio is a percentage you pay as commission and$/$or management fees to the portfolio managers. Which fund category has the lowest expense ratios? Would you invest in a fund with high expense ratios? Why?