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1 IntroductionThe aim of this report is to investigate numerous superannuation funds currently available in the market Superannuation is a type of long-term investment designed specifically to help accumulate the savings needed for a comfortable retirement Choosing a superannuation fund can be difficult but it is important to get it right as it could make tens of thousands of dollars difference When selecting a fund investment type segment 1 year return on investment and 3 year return on investment should all be considered The objective of this report is to prepare tables and charts to summarise analyse and interpret the data The report will outline any outliers of 1 year returns the distribution of 1 year returns the possible bivariate and trivariate influences on 1 year returns by looking at the impact investment type and 3 year returns have on 1 year returns A conclusion will follow with the key conclusions drawn from previous sections 2 OutliersOutliers are data points that lie apart from the rest of the points They can be the result of misrecorded or miscoded data or they may simply be data points that do not conform to the general trend They need to be considered because they can distort the summary measures in their intention to represent typical outcomes if not removed from the data The data tested for outliers was the 1 year return through the calculation of the z score for each data value Through using the Z score formula for the 1 year return one outlier was found in the data with a Z score of 521 which is above 30 or below -30 so therefore considered an outlier The outlier has been left in the distribution of 1 year returns to provide a graphical representation of the result but it has been taken out for the remainder of the data analysis The reason for removing the outlier from the data is because a Z score of 537
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