o' The difference between l and 2 is closely related to an issue in the...

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o' The difference between μl and μ 2 is closely related to an issue in the reporting of mutual fund returns. Suppose that the following is a sequence of returns per annum reported by a mutual fund manager over the last five years (measured using annual compounding): 15%, 20%, 30%, -20%, 25%. What average return should the fund manager report? o' The difference between μl and μ 2 is closely related to an issue in the reporting of mutual fund returns. Suppose that the following is a sequence of returns per annum reported by a mutual fund manager over the last five years (measured using annual compounding): 15%, 20%, 30%, -20%, 25%. What average return should the fund manager report?