USING STATISTICAL EVALUATION In partial fulfillment of Fund Purchasing Using Statistics In the past few years many young people transiting into adulthood have found themselves victim to improper or no teachings on how to handle money, or how to build some kind of future funds. This trend has effected most young people. When talking about stocks and mutual funds, many individuals do not realize that statistics can play a major part in the selection of an asset for the future. This study was to show that statistics can be used to compare mutual funds, to what you want for a return. The mutual funds looked at were only in six sectors of the market. TABLE OF CONTENTSABSTRACTLIST OF TABLES AND GRAPHS......iiINTRODUCTION .......1METHODS ........3RESULTS OF HOW STATISTICS CAN HELP BUILD FOR THE FUTURE .....4Importance of Saving For the Future .....4Process of Evaluation.......4CONCLUSIONS AND RECOMMENDATIONS ...13 LIST OF TABLES AND GRAPHSTable A. Average, Range and Standard Deviation Comparison..4Table 1. Returns for Conservative fund one and two...7Graph 1. Returns for Conservative fund one and two...7Table 2. Returns for Secure fund one and two.. .8Graph 2. Returns for Secure fund one and two...8Table 3. Returns for Moderate fund one and two...9Graph 3. Returns for Moderate fund one and two...9Table 4. Returns for Balanced fund one and two...10Graph 4. Returns for Balanced fund one and two...10Table 5. Returns for Ambitious fund one and two...11Graph 5. Returns for Ambitious fund one and two...11Table 6. Returns for Aggressive fund one and two...12Graph 6. Returns for Aggressive fund one and two...12 INTRODUCTIONPotential purchases for building future wealth can be done with statistics. Individuals have many things to consider before they invest money, such as how much return they would like to have on a investment, how often they would like their money to double, and how much to invest. These factors help the individuals make an inf...
