In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage
1 2 3 4 5
Fund -1.4 23.2 41.1 10.1 0.5
Market index -0.6 18.0 30.6 11.4 -0.4
a. Calculate (a) the average return on both the Fund and the index, and (b) the standard deviation of the returns on each. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
b. Did Ms. Sauros do better or worse than the market index on these measures?
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