Question

A certain newspaper provides the net asset value, the year-to-date percent return, and the three-year percent return for 882 mutual funds at the end of 2017. Assume that a simple random sample of 12 of the 882 mutual funds will be selected for a follow-up study on the size and performance of mutual funds. Use the eighth column of the table of random numbers, beginning with 93108, to select the simple random sample of 12 mutual funds. Begin with mutual fund 108 and use the last three digits in each row of column 8 for your selection process. What are the numbers of the 12 mutual funds in the simple random sample? (Enter your answers as a comma-separated list.)

Answer 1

The procedures to get 12 Random numbers is given below:

1) The digits in each row of fifth column is used for the selection.

2) The last three digits are used for the selection process.

3)Also three digits greater than 882 is neglected.

4) The first selected number is 108.

5) The next number is selected by moving down the 5th column.