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:

Invoice

A document issued by a seller to a buyer, detailing products or services provided, quantities, prices, and payment terms.

Discount

A reduction from the usual cost of something, typically provided to incentivize a purchase or payment.

Perpetual Inventory

An inventory management system where stock levels are updated on a continuous basis as sales and purchases are made.

Cost of Goods Sold

The total cost directly tied to the production of goods sold by a company.