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USING STATISTICAL EVALUATION FOR FUND PURCHASING ABSTRACT 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 CONTENTS ABSTRACT LIST OF TABLES AND GRAPHSii INTRODUCTION 1 METHODS 3 RESULTS OF HOW STATISTICS CAN HELP BUILD FOR THE FUTURE 4 Importance of Saving For the Future 4 Process of Evaluation4 CONCLUSIONS AND RECOMMENDATIONS 13 LIST OF TABLES AND GRAPHS Table A Average Range and Standard Deviation Comparison4 Table 1 Returns for Conservative fund one and two7 Graph 1 Returns for Conservative fund one and two7 Table 2 Returns for Secure fund one and two 8 Graph 2 Returns for Secure fund one and two8 Table 3 Returns for Moderate fund one and two9 Graph 3 Returns for Moderate fund one and two9 Table 4 Returns for Balanced fund one and two10 Graph 4 Returns for Balanced fund one and two10 Table 5 Returns for Ambitious fund one and two11 Graph 5 Returns for Ambitious fund one and two11 Table 6 Returns for Aggressive fund one and two12 Graph 6 Returns for Aggressive fund one and two12 INTRODUCTION Potential 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
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