Mutual funds have become an increasing popular investment alternative to individual stocks for smaller investors.

Mutual funds have become an increasing popular investment alternative to individual stocks for smaller investors. To help investors decide on the particular fund to invest in, various publications regularly report the average annual rate of return achieved by each of more than 100 mutual funds over a 10 year period. Some publications also indicate each fund’s level of risk by classifying the historical variability of each fund’s rate of return as high, intermediate, or low.Assume you have $10,000 to invest and you have narrowed your final choice down to Fund A or Fund B. If the annual (percentage) rates of return over a 10 year period for two leading mutual funds are as shown below, which fund would be your best choice for investment? How do you define best in this case? Describe your answer in detail. Perform a thorough statistical analysis to back up your statements.30.511.4