Business Week 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 MutualFund. Use the data set to answer the following questions.
a. Develop a point estimate of the proportion of the Business Week 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.
