Question: BusinessWeek published information on 283 equity mutual funds ( Business Week. January 26. 2004). A sample of 40 of those funds is contained in the data set Mutual Fund Use the data set to answer the following questions.
a. Develop a point estimate of the proportion of the BusinessWeek equity funds that are load funds.
b. Develop a point estimate of the proportion of funds that are classified as high risk.
c. Develop a point estimate of the proportion of funds that have a below-average risk rating.