4-Star 3-Star 4-Star

1-Year 3-Year 1-Year 3-Year 1-Year (A)

7.31 5.82 10.44 5.86 Mean 9.87
9.82 6.42 8.83 5.20 Median 9.82
10.15 6.17 9.68 4.88 Standard Deviation 1.81558530507381
12.42 6.59 10.62 6.10 Range 5.11
9.65 3.87 11.25 6.40 Cv 0.183949878933517

A vs C
Return Mean A<C
Median A<C
Risk Standard Deviation A>C
Cv A>C
Return (C) > Return (A)
Risk (C) < Risk (A)
C is better than A

c) 1 year investment (4-star rated) has the higher level of risk

1 year investment (3-star rated) has the higher average performance
d) 1 year invesment has higher return, and lower risk than 3 year investm
e) 1 year investment has higher return, and lower (Cv) risk. Therefore, 1
 4-Star 3-Star
3-Year (B) 1-Year (C) 3-Year (D)
Mean 5.774 Mean 10.164 Mean 5.688
Median 6.17 Median 10.44 Median 5.86
Standard Deviation 1.10310017677453 Standard Deviation 0.932379 Standard Deviation 0.631918
Range 2.72 Range 2.42 Range 1.52
Cv 0.191046099198914 Cv 0.091733 Cv 0.111097

A vs B C vs D
A>B C>D
A>B C>D
A<B C>D
A<B C<D
Return (A) > Return (B) Return (C) > Return (D)
Risk (A) < Risk (B) Cv (C) < Cv (D)
A is better than B C is better than D

gher level of risk

er average performance
ower risk than 3 year investment. Therefore, 1 year (4-Star) is preferable
ower (Cv) risk. Therefore, 1 year (3-Star) is preferable.