The Question Below Refers to the Following Situation

question 16

Multiple Choice

The question below refers to the following situation:
A university's administration is interested in understanding students' study habits. The School randomly surveys 13 students and asks them how much time per weeknight they Typically spend studying. The following are the responses in minutes:
60, 90, 120, 120, 150, 180, 180, 180, 180, 210, 240, 270, 300
Calculate the mean.

• A)228
• B)157.83
• C)175.38
• D)18 0

---

Definitions:

S&P 500 Index

An index comprising 500 of the largest companies listed on stock exchanges in the United States, serving as a barometer for the overall market's health.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.

Position

Refers to the amount of a specific security, commodity or currency that is owned or controlled by an individual or entity.

Correlation

A statistical measure indicating the extent to which two variables change together.