bock investment
Group 2
BOCK INVESTMENT SERVICES
The goal of Bock Investment Services (BIS) is to be the leading money market advisory service in South Carolina. To provide better service for their present clients and to attract new clients. BIS developed a weekly newsletter. BIS is considering adding a new feature to the newsletter that will report the results of a weekly telephone survey of fund managers. To investigate the feasibility of offering this service, and to determine what type of information to include in the newsletter. BIS selected a simple random sample of 45 money market funds. A portion of the data obtained is shown in Table which reports fund assets and yields for the past 7 and 30 days. Before calling the money market fund managers to obtain additional data. BIS decided to do some preliminary analysis of the data already collected. Money Market Fund Assets (Mil$) 7-day Yield 30-day Yield Random Number
1 Alger 156.7 4.79 4.73 0.542833
2 Amcore 103.9 4.10 4.08 0.30195
3 Arch MM/Trust 496.5 4.17 4.13 0.459243
4 Benchmarrk Div 2755.4 4.54 4.47 0.999969
5 Bradford 707.6 3.88 3.83 0.172857
6 BT INstit Treas 197.8 4.37 4.32 0.263466
7 Capital Cash 1.7 4.29 4.22 0.082888
8 Cash Mgt Trust 2707.8 4.14 4.04 0.420911
9 Composite 122.8 4.03 3.91 0.835139
10 Cortland 217.3 3.57 3.51 0.851314
11 Cowen Standby 694.7 4.25 4.19 0.529618
12 Declaration 38.4 2.67 2.61 0.790643
13 Dreyfus 4832.8 4.01 3.89 0.299478
14 Elfun 81.7 4.51 4.41 0.640187
15 Federated Master 738.7 4.41 4.34 0.970397
16 FFB Cash 506.2 4.17 4.11 0.840388
17 Fidelity Cash 13272.8 4.51 4.42 0.275826
18 Flex-fund 172.8 4.60 4.48 0.119541
19 Fortis 105.6 3.87 3.85 0.110691
20 Franklin Money 996.8 3.97 3.92 0.979492
21 Freedom Cash 1079.0 4.07 4.01 0.078951
22 Galaxy Money 801.4 4.11 3.96 0.291818
23 Government Cash 409.4 3.83 3.82 0.453139
24 Hanover Cash 794.3 4.32 4.23 0.667196
25 Heritage Cash 1008.3 4.08 4.00 0.891171
26 Infinity/Alpha 53.6 3.99 3.91 0.396863
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BOCK INVESTMENT SERVICES
The goal of Bock Investment Services (BIS) is to be the leading money market advisory service in South Carolina. To provide better service for their present clients and to attract new clients. BIS developed a weekly newsletter. BIS is considering adding a new feature to the newsletter that will report the results of a weekly telephone survey of fund managers. To investigate the feasibility of offering this service, and to determine what type of information to include in the newsletter. BIS selected a simple random sample of 45 money market funds. A portion of the data obtained is shown in Table which reports fund assets and yields for the past 7 and 30 days. Before calling the money market fund managers to obtain additional data. BIS decided to do some preliminary analysis of the data already collected. Money Market Fund Assets (Mil$) 7-day Yield 30-day Yield Random Number
1 Alger 156.7 4.79 4.73 0.542833
2 Amcore 103.9 4.10 4.08 0.30195
3 Arch MM/Trust 496.5 4.17 4.13 0.459243
4 Benchmarrk Div 2755.4 4.54 4.47 0.999969
5 Bradford 707.6 3.88 3.83 0.172857
6 BT INstit Treas 197.8 4.37 4.32 0.263466
7 Capital Cash 1.7 4.29 4.22 0.082888
8 Cash Mgt Trust 2707.8 4.14 4.04 0.420911
9 Composite 122.8 4.03 3.91 0.835139
10 Cortland 217.3 3.57 3.51 0.851314
11 Cowen Standby 694.7 4.25 4.19 0.529618
12 Declaration 38.4 2.67 2.61 0.790643
13 Dreyfus 4832.8 4.01 3.89 0.299478
14 Elfun 81.7 4.51 4.41 0.640187
15 Federated Master 738.7 4.41 4.34 0.970397
16 FFB Cash 506.2 4.17 4.11 0.840388
17 Fidelity Cash 13272.8 4.51 4.42 0.275826
18 Flex-fund 172.8 4.60 4.48 0.119541
19 Fortis 105.6 3.87 3.85 0.110691
20 Franklin Money 996.8 3.97 3.92 0.979492
21 Freedom Cash 1079.0 4.07 4.01 0.078951
22 Galaxy Money 801.4 4.11 3.96 0.291818
23 Government Cash 409.4 3.83 3.82 0.453139
24 Hanover Cash 794.3 4.32 4.23 0.667196
25 Heritage Cash 1008.3 4.08 4.00 0.891171
26 Infinity/Alpha 53.6 3.99 3.91 0.396863
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