Listed Below Are the Amounts of Time (In Months)that the Employees

question 27

Multiple Choice

Listed below are the amounts of time (in months) that the employees of a restaurant have been working at the restaurant. Find the mean for the given sample data. Round your
Answer to one more decimal place than the original data values. $$\begin{array} { l l l l l l l l l l l l l l } 1 & 5 & 6 & 8 & 11 & 14 & 17 & 46 & 61 & 90 & 99 & 126 & 143 & 167\end{array}$$

• A) 31.5 months
• B) 61.1 months
• C) 56.7 months
• D) 52.9 months

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Definitions:

Zero-Coupon Bond

A bond that is sold at a discount and pays no interest, but is redeemed at its face value at maturity, generating a profit for the holder.

Yield

The income return on an investment, such as the interest or dividends received, usually expressed as an annual percentage of the investment's cost.

Zero-Coupon Bond

A bond that is sold at a discount and does not pay interest but is redeemed at its full face value at maturity.

Purchase Price

The amount paid to buy an asset or security, which can influence the investment's potential return and tax implications.