(Solved): The Bureau of Transportation Statistics Omnibus Household Survey is conducted annually and serves a ...

The Bureau of Transportation Statistics Omnibus Household Survey is conducted annually and serves as an information source for the U.S. Department of Transportation. In one part of the survey the person being interviewed was asked to respond to the following statement: "Drivers of motor vehicies should be allowed to talk on a hand-held cell phone while driving. Possible responses were strongly agree, somewhat agree, somewhat disagree, and strongly disagree. 40 respondents said that they strongly agree with this statement, 117 said that they somewhat agree, 153 said they somewhat disagree, and 771 said they strongly disagree with this statement. a. Do the responses for this statement provide categorical or quantitative data? b. Would it make more sense to use averages or percentages as a summary of the responses for this statement? c. What percentage of respondents strongly agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving? d. Do the results indicate general support for or against allowing drivers of motor vehicles to tak on a hand-held cell phone while driving? The following table shows the total return and the number of funds for four categories of mutual funds. Excel File: data03-17.xlsx a. Using the number of funds as weights, compute the weighted averoge total return for these mutual funds. (to 2 decimals) $$\%$$ b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. Wha else might be used for weights? (i) Using "number of funds" as welghts will only be a good approximation if the amount invested in various funds is approximately equal. The amount invested in each fund could be use $$\{$$ for weights. (ii) Using "number of funds" as weights resuits in a good approximation regardless of the amount invested in various funds. There is no need to ute a differen Weight (ii) Using "number of funds" as weights will only be a good approximation if the amount invested in various funds is approximately equal. Thece is no other option that could be used for weights. (iv) Using "number of fundst as weights resuits in a good approximation regardiess of the amount invested in various funds. The total amount invested in all funds could be used for weights. Choose the correct option. c. Suppose you invested $$\$10,000$$ in this group of mutual funds and alversified the investment by placing $$\$2,000$$ in Domestic Equity funds, 84,000 in International Equity funds, $$\$3,000$$ in Speciaky Stock funds, and $$\$1,000$$ in Hybrid funds. What is the expected return on the portfolio? (to 2 decimals)