TABLE 3-7
Given Below Is the Frequency Distribution of the 12-Month

question 62

Short Answer

TABLE 3-7
Given below is the frequency distribution of the 12-month rate of return achieved by 30 stocks.
$\begin{array}{ll}\hline\text { 12- month Rate of Return } & \text { Number of Funds } \\\hline-0.10 \text { but less than } 0.0 & 3 \\0.0 \text { but less th an } 0.1 & 5 \\0.1 \text { but less than } 0.2 & 6 \\0.2 \text { but less than } 0.3 & 10 \\0.3 \text { but less than } 0.4 & 6 \\\hline\end{array}$

-Referring to Table 3-7, what is the approximate mean rate of return?

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Definitions:

Group Fallacy

The mistaken belief that collective decisions or actions are inherently superior to individual judgments.

Interactionism

A theory in sociology and psychology that emphasizes the reciprocal effects of individuals and their environment on each other.

Lewin

Refers to Kurt Lewin, a pioneering psychologist known for his foundational work in social psychology, particularly on group dynamics and change management.

Hawthorne Effect

The alteration of behavior by individuals due to their awareness of being observed, as initially observed in studies at the Hawthorne Works factory.