Solve the Problem

question 217

Multiple Choice

Solve the problem. Round results to the nearest hundredth.
-The mean of a set of data is -2.91 and its standard deviation is 3.88. Find the z score for a value of 2.80.

• A) 1.62
• B) 1.47
• C) 1.77
• D) 1.32

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Definitions:

Reverse Stock Split

A corporate action where a company reduces the number of its existing shares to increase the per-share price, consolidating the shares at a specified ratio (e.g., 1 for 10), without changing the company's market capitalization.

Transaction Costs

Expenses incurred when buying or selling a good or service, which may include broker fees, commissions, and other charges.

PE Ratio

The price-to-earnings ratio, a valuation metric that compares a company's stock price to its earnings per share.

Stock Repurchase

A company's buying back of its own shares from the marketplace, which can reduce the number of outstanding shares and potentially increase the stock value.