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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. 

 

 

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