How lisa could use the type of information

Question

Discuss the below:

1. Use appropriate descriptive statistic to summarize the data on assets and yields for Money Market funds

2. Develop a 95% confidence interval estimate of the mean assets, mean 7-day yield, and mean 30-day yield for the population of money market funds. provide a managerial interpretation of each interval estimate.

3. Discuss the implications of your findings in terms of how Lisa could use the type of information in preparing her weekly newsletter.

4. What other information would you recommend that Lisa gather to provide the most useful information to her clients?

Money Market Fund	Assets	7-day Yield	30-day Yield
Amcore	103.9	4.10	4.08
Alger	156.7	4.79	4.73
Arch MM/Trust	496.5	4.17	4.13
BT INstit Treas	197.8	4.37	4.32
Benchmarrk Div	2755.4	4.54	4.47
Bradford	707.6	3.88	3.83
Capital Cash	1.7	4.29	4.22
Cash Mgt Trust	2707.8	4.14	4.04
Composite	122.8	4.03	3.91
Cowen Standby	694.7	4.25	4.19
Cortland	217.3	3.57	3.51
Declaration	38.4	2.67	2.61
Dreyfus	4832.8	4.01	3.89
Elfun	81.7	4.51	4.41
FFB Cash	506.2	4.17	4.11
Federated Master	738.7	4.41	4.34
Fidelity Cash	13272.8	4.51	4.42
Flex-fund	172.8	4.60	4.48
Fortis	105.6	3.87	3.85
Franklin Money	996.8	3.97	3.92
Freedom Cash	1079.0	4.07	4.01
Galaxy Money	801.4	4.11	3.96
Government Cash	409.4	3.83	3.82
Hanover Cash	794.3	4.32	4.23
Heritage Cash	1008.3	4.08	4.00
Infinity/Alpha	53.6	3.99	3.91
John Hancock	226.4	3.93	3.87
Landmark Funds	481.3	4.28	4.26
Liquid Cash	388.9	4.61	4.64
MarketWatch	10.6	4.13	4.05
Merrill Lynch Money	27005.6	4.24	4.18
NCC Funds	113.4	4.22	4.20
Nationwide	517.3	4.22	4.14
Overland	291.5	4.26	4.17
Piermont Money	1991.7	4.50	4.40
Portico Money	161.6	4.28	4.20
Prudential MoneyMart	6835.1	4.20	4.16
Reserve Primary	1408.8	3.91	3.86
Schwab Money	10531.0	4.16	4.07
Smith Barney Cash	2947.6	4.16	4.12
Stagecoach	1502.2	4.18	4.13
Strong Money	470.2	4.37	4.29
Transamerica Club	175.5	4.20	4.19
United Cash	323.7	3.96	3.89
Woodward Money	1330.0	4.24	4.21