Coffee Costs $12 Per Case, and Tea Costs $8 Per

question 29

Multiple Choice

Coffee costs $12 per case, and tea costs $8 per case. If an order comes in for a total of 250 cases for $2,400, what was the specific number of cases of tea?

• A) 150
• B) 100
• C) 1,800
• D) 800
• E) None of these

---

Definitions:

Treynor Measure

A performance metric for determining how well an investment compensates the investor for taking risk, comparing returns above the risk-free rate to the investment's market risk.

Standard Deviation

A statistical measure that represents the dispersion or variability of a data set, commonly used in finance to quantify the risk of investment returns.

Beta

A measure of a security's volatility compared to the market as a whole, indicative of its relative risk.

Serial Correlation

The relationship between sequential data points in a time series, indicating that a value in the series is statistically correlated with its predecessors.