A fiNancial Analyst Wanted to Determine the Mean Annual Return

question 13

Multiple Choice

A financial analyst wanted to determine the mean annual return on mutual funds. A random sample
Of 60 returns shows a mean of 12%. If the population standard deviation is assumed to be 4%,
Estimate with 95% confidence the mean annual return on all mutual funds.

• A) 11.325% to 13.012%
• B) 10.988% to 14.025%
• C) 11.325% to 14.025%
• D) 10.988% to 13.012%
• E) 8% to 16%

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Definitions:

Mobile Devices

Portable electronic devices that enable user mobility and are capable of computing tasks, including smartphones, tablets, and wearable technology.

Social Networking

The use of dedicated websites and applications to interact with other users, or to find people with similar interests to oneself.

Type A Pattern

A behavioral pattern characterized by high competitiveness, self-imposed stress, impatience, and aggression.

Time Urgency

A feeling or perception that there is not enough time to complete tasks, often associated with stress and anxiety.