Question

A certain newspaper provides the net asset value, the year-to-date percent return, and the three-year percent return for 882 mutual funds at the end of 2017. Assume that a simple random sample of 12 of the 882 mutual funds will be selected for a follow-up study on the size and performance of mutual funds. Use the sixth column of the table of random numbers, beginning with 80714, to select the simple random sample of 12 mutual funds. Begin with mutual fund 714 and use the last three digits in each row of column 6 for your selection process. What are the numbers of the 12 mutual funds in the simple random sample? (Enter your answers as a comma-separated list.)

RANDOM NUMBERS 55363 63271 59986 71744 511021514180714 5868393108 13554 79945 88547 09896 95436 79115 08303 010412003063754 0845928364 55957 57243 83865 09911 19761 66535 40102 26646 60147 15702 46276 87453 4479067122 45573 84358 21625 1699913385 22782 07449 34835 15290 76616 67191 12777 21861 68689 03263 69393 92785 49902 5844742048 30378 87618 26933 26933 40640 16281 13186 29431 88190 04588 38733 81290 89541 7029040113 08243 17726 28652 56836 783514732718518 92222 55201 27340 10493 36520 64465 05550 30157 82242 29520 69753 72602 23756 54935 81628 3610039254 56835 37636 02421 98063 89641 64953 99337 84649 48968 75215 75498 49539 74240 03466 49292 36401 45525 63291 11618 12613 7505543915 26488 41116 64531 56827 30825 70502 53225 03655 0591537140 57051 48393 91322 25653 06543 06426 24771 59935 4980111082 66762 94477 02494 88215 27191 20711 55609 29430 70165 45406 7848431639 52009 18873 96927 41990 70538 77191 25860 55204 73417 83920 69468 74972 38712 72452 36618 76298 26678 89334 33938 95567 29380 75906 91807 37042 40318 57099 10528 09925 89773 41335 96244 29002 46453 53766 52875 159874696267342 77592 5765195508 80033 69828 90585 58955 53122 16025 84299 53310 67380 84249 25348 04332 32001 962933720364516 51530 3706940261 61374 05815 06714 62606 64324 46354 7215767248 20135 49804 09226 64419 29457 10078 28073 8538950324 14500 15562 64165 0612571353 77669 91561 46145 24177 15294 10061 98124 75732 00815 83452 97355 1309198112 53959 79607 52244 6330310413 638397476250289

714,535,358,191,378,290,518,520,421,240,488,762 This was my answer which was marked wrong. Can somebody please explain how the right way to choose random numbers from the 6th column?

Answer 1

Solution :

the last three digits in each row of column 6 less than 882 are

714, 041, 535, 358, 191, 378, 290, 518, 520, 421, 240, 488

So, The 12  mutual funds in the simple random samples are

714, 41, 535, 358, 191, 378, 290, 518, 520, 421, 240, 488