A senior analyst working for ameritrade has reviewed purchas

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Reference no: EM13800554

A senior analyst working for Ameritrade has reviewed purchases his customers have made over the last six months. He has categorized the mutual funds purchased into eight categories:

(1) Aggressive Growth (AG)

(2) Growth (G)

(3) Growth-Income (G-I)

(4) Income Funds (IF)

(5) International (I)

(6) Asset Allocation (AA)

(7) Precious Metal (PM)

(8) Bond (B).

The percentage gains (%) accrued by 3 randomly selected customers (C1, C2 and C3) in each group are as follows:

a. Develop the appropriate ANOVA table to determine if there is a difference in the average percentage gains accrued by his customers among the mutual fund types. Use a significance level of 0.05.

b. Use the Tukey-Kramer procedure to determine which mutual fund type has the highest average percentage gain. Use an experiment-wide error rate of 0.05.

Reference no: EM13800554

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