Question: Problem 11-17 Average Return and Standard Deviation (LO3) In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage rates of return
Problem 11-17 Average Return and Standard Deviation (LO3) In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage rates of return for the Mesozoic Fund. Rates of return on the market index are given for comparison. 1 2 3 4 5 Fund 1.5 +24.1 +42.0 +11.0 +0.5 Market index 0.6 +17.0 +31.5 +10.0 0.4 Calculate (a) the average return on both the Fund and the index, and (b) the standard deviation of the returns on each. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Did Ms. Sauros do better or worse than the market index on these measures?
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