For Selected Years from 1978 to 2002, the Number of Mutual

question 92

Multiple Choice

For selected years from 1978 to 2002, the number of mutual funds N, excluding money market funds, can be modeled by , where t is the number of years past 1975 (Source: Investment Company Institute, Mutual Fund Fact Book (2003) ) . Use the model to estimate the year when the number of mutual funds will reach 8,000. ​

• A)1997
• B)1999
• C)2005
• D)2003
• E)2009

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Definitions:

Reactivity

The alteration of the behavior of study participants due to their awareness of being observed.

Interval Scale

A type of scale used in measurements that expresses the order of variables and also establishes a defined distance between variables, but lacks a true zero point.

Ordinal Scale

A scale of measurement where objects or individuals are categorized based on some order or ranking, without information on the magnitude of differences.

Variable

Any event, situation, behavior, or individual characteristic that varies—that is, has at least two values.