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Name(s) ECON 2370: Introduction to Economic Data Analysis Due date: Wednesday, February 10 (Mo-We section) Thursday, February 11 (Tu-Th sections) PS#...

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Name(s) PS# ECON 2370: Introduction to Economic Data Analysis Class time: Due date: Wednesday, February 10 (Mo-We section) Spring 2016 Thursday, February 11 (Tu-Th sections) Homework # 2 Instructions: 1. You can work in groups of three and submit one homework. 2. Type your answers in this document. 3. Turn in hard copy in the class. No email submissions. No late homework. 4. Be sure to identify the axes with titles to describe the contents of charts, tables, graphs and histograms. Exercises: 1. Ch. 2, ex. #29. 2. Use the Webfile Mutual Funds. Described better in Ch 2 exercise #32. This is a dataset for a sample of 45 mutual funds. There are three types of mutual funds. Fund Type: DE=domestic equity, IE=international equity, FI=fixed income Net Asset Value ($) = Equity per share Expense Ratio (%) = percentage of assets deducted to fund expenses a. Prepare a Pie Chart of the Fund Type. b. Prepare a cross tabulation of Fund Type (rows) and Expense Ratio (columns). Use intervals of half a percentage point. (Group Settings: min= 0.25, max=1.49, by=0.50). c. Prepare a Stacked Bar Chart of Fund Type (horizontal axis category) and Expense Ratio (stacked categories). d. Which Fund Type spends the most? e. An interesting question is whether funds that spend more perform better (i.e. produce higher returns). Do a Scatter Plot of Expense Ratio (vertical axis) and 5- Year Average Return (horizontal axis). f. Comment on the relationship. Specifically, do better performing funds spend more? g. What is the correlation coefficient between the Expense Ratio and Average Returns? h. Draw a histogram for Net Asset Value (Group Settings: min= 0, max=80, by=10). i. Comment on the shape of the histogram. j. Report the numerical descriptive statistics for the mean, median, mode, standard deviation and coefficient of variation for Net Asset Value. k. Identify the quartiles for Net Asset Value.
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l. Are there outliers in Net Asset Value? Show your criteria. m. Is it appropriate to use the empirical rule to identify outliers in Net Asset Value. Why or why not? n. Calculate the mean, standard deviation and coefficient of variation of 5-Year Average Return for each of the three Types of Funds. Which type provides the highest returns on average? Which type have the highest variation in Average Returns? 3. Ch. 3, ex #41. 4. Ch. 3, ex #43.
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Fund Name Fund TypeNet Asset V5 Year AveExpense RMorningstar Rank Amer Cent Inc & Growth Inv DE 28.88 12.39 0.67 2-Star American Century Intl. Disc IE 14.37 30.53 1.41 3-Star American Century Tax-Free BondFI 10.73 3.34 0.49 4-Star American Century Ultra DE 24.94 10.88 0.99 3-Star Ariel DE 46.39 11.32 1.03 2-Star Artisan Intl Val IE 25.52 24.95 1.23 3-Star Artisan Small Cap DE 16.92 15.67 1.18 3-Star Baron Asset DE 50.67 16.77 1.31 5-Star Brandywine DE 36.58 18.14 1.08 4-Star Brown Cap Small DE 35.73 15.85 1.2 4-Star Buffalo Mid Cap DE 15.29 17.25 1.02 3-Star Delafield DE 24.32 17.77 1.32 4-Star DFA U.S. Micro Cap DE 13.47 17.23 0.53 3-Star Dodge & Cox Income FI 12.51 4.31 0.44 4-Star Fairholme DE 31.86 18.23 1 5-Star Fidelity Contrafund DE 73.11 17.99 0.89 5-Star Fidelity Municipal Income FI 12.58 4.41 0.45 5-Star Fidelity Overseas IE 48.39 23.46 0.9 4-Star Fidelity Sel Electronics DE 45.6 13.5 0.89 3-Star Fidelity Sh-Term Bond FI 8.6 2.76 0.45 3-Star Fidelity DE 39.85 14.4 0.56 4-Star FPA New Income FI 10.95 4.63 0.62 3-Star Gabelli Asset AAA DE 49.81 16.7 1.36 4-Star Greenspring DE 23.59 12.46 1.07 3-Star Janus DE 32.26 12.81 0.9 3-Star Janus Worldwide IE 54.83 12.31 0.86 2-Star Kalmar Gr Val Sm Cp DE 15.3 15.31 1.32 3-Star Managers Freemont Bond FI 10.56 5.14 0.6 5-Star Marsico 21st Century DE 17.44 15.16 1.31 5-Star Mathews Pacific Tiger IE 27.86 32.7 1.16 3-Star Meridan Value DE 31.92 15.33 1.08 4-Star Oakmark I DE 40.37 9.51 1.05 2-Star PIMCO Emerg Mkts Bd D FI 10.68 13.57 1.25 3-Star RS Value A DE 26.27 23.68 1.36 4-Star T. Rowe Price Latin Am. IE 53.89 51.1 1.24 4-Star T. Rowe Price Mid Val DE 22.46 16.91 0.8 4-Star Templeton Growth A IE 24.07 15.91 1.01 3-Star Thornburg Value A DE 37.53 15.46 1.27 4-Star USAA Income FI 12.1 4.31 0.62 3-Star Vanguard Equity-Inc DE 24.42 13.41 0.29 4-Star Vanguard Global Equity IE 23.71 21.77 0.64 5-Star Vanguard GNMA FI 10.37 4.25 0.21 5-Star Vanguard Sht-Tm TE FI 15.68 2.37 0.16 3-Star Vanguard Sm Cp Idx DE 32.58 17.01 0.23 3-Star Wasatch Sm Cp Growth DE 35.41 13.98 1.19 4-Star
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