Question: Please help with the question below, it has 3 parts: a,b,c data: A mutual fund is a professionally managed investment scheme that pools money from



Please help with the question below, it has 3 parts: a,b,c
data:




A mutual fund is a professionally managed investment scheme that pools money from many investors and invest; in a variety of securities. Growth funds focus primarily on increasing the value of investments, whereas blended funds seek a balance between current income and growth. Here is data on the expense ratio (expenses as a % of assets) for samples of 20 large-cap balanced funds (BI) and 20 large-cap growth funds (Gr) ("large-cap" refers to the sizes of companies in which the funds invest; the population sizes are 825 and 762, respectively). Bl 1.02 1.23 1.11 1.64 1.30 1.28 1.26 0.77 1.04 0.63 0.94 2.87 1.03 0.75 0.10 0.79 1.62 1.26 0.94 0.82 Gr 0.54 1.04 1.24 2.15 1.54 1.00 1.11 1.07 1.79 2.07 0.93 0.79 1.38 0.61 1.51 1.03 1.11 1.76 0.99 1.14 (a) Calculate and compare the values of )2 1?, and s for the two types of funds. (Round your answers to three decimal places.) For the sample of balanced funds we have ;( = , I? = S , and s = S ; for the sample of growth funds we have ; = , )7 = , and s = . The sample mean for the balanced funds is than the sample mean for the growth funds. The sample median for the balanced funds is -Select- V than the sample median for the growth funds. The sample standard deviation for the balanced funds is than the sample standard deviation for the growth funds. (b) Construct a comparative boxplot for the two types of funds.The distribution of expense ratios for this sample of balanced funds is , while the distribution for growth funds is . These balanced and growth mutual funds have similar median expense ratios, but expense ratios are generally for growth funds
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