Eduardo Bought a House for $320,000 Five Years Ago

question 77

Multiple Choice

Eduardo bought a house for $320,000 five years ago.He has just sold it for $480,000.What annual rate of return did he earn on this investment?

• A)10%
• B)8.45%
• C)1.08%
• D)3.13%

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Definitions:

Population Mean

The average value of a characteristic in the entire population being studied.

Standard Deviation

A metric indicating the extent of difference or scattering among a series of figures.

Variability

The measure of how much data points in a set diverge from the average or mean value, indicating the spread or dispersion of the dataset.

Standard Deviation

A measure that is used to quantify the amount of variation or dispersion of a set of data values.