Problem

During the boom years of  2003–2007, ace mutual fund manager Diana Sauros produced the fol...

During the boom years of  2003–2007, ace mutual fund manager Diana Sauros produced the following percentage rates of return. Rates of return on the market are given for comparison.

 

2003

2004

2005

2006

2007

Ms. Sauros

+39.1

+ 11.0

+2.6

+ 18.0

+2.3

S P 500

+31.6

+12.5

+6.4

+ 15.8

+5.6

Calculate the average return and standard deviation of Ms. Sauros's mutual fund. Did she do better or worse than the market by these measures?

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Solutions For Problems in Chapter 7