Which of the Following Statements Concerning the Trend in Investment

question 69

Multiple Choice

Which of the following statements concerning the trend in investment company growth is true?

• A) The recent trend shows more growth in closed-end investment companies.
• B) The recent trend shows more growth in unit investment trusts.
• C) The recent trend shows more growth in open-end investment companies.
• D) The recent trend shows more growth in exchange traded funds.

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Definitions:

Expected Value

A statistical measure that calculates the average outcome of a random variable after many repetitions of an experiment.

Random Variable

A variable that can take numeric values, which are the results of a random event.

Mean

A measure of central tendency, calculated by adding all the values in a dataset and dividing by the number of values.

Continuous Probability Distributions

Mathematical functions that assign probabilities to every possible value of a continuous random variable.