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    Mutual Funds in Random Sample

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    The Wall Street Journal provides the net asset value, the year-to-date percent return, and the three-year percent return for 555 mutual funds (The Wall Street Journal, April 25,
    2003). Assume that a simple random sample of 12 of the 555 mutual funds will be elected for a follow-up study on the size and performance of mutual funds. Use the fourth column of the random numbers in Table 7.1, beginning with 51102, to select the simple random sample of 12 mutual funds. Begin with mutual fund 102 and use the last three digits in each row of the fourth column for your selection process. What are the numbers of the 12 mutual funds in the simple random sample?

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    Solution Summary

    This solution with an Excel file contains the numbers of the 12 mutual funds in the simple random sample using a formula.