The Average Cost of a Week-Long Holiday for 2 Adults

question 3

Multiple Choice

The average cost of a week-long holiday for 2 adults and 2 children is reported as being AED 10,200 (Emirati Dirham) . You know the actual value was calculated as AED 10,197.89 but that it has been rounded. What is this process called?

• A) Biased rounding
• B) Over rounding
• C) Fair rounding
• D) Discrete rounding

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Definitions:

Expected Return

The anticipated profit or loss from an investment, taking into consideration the potential outcomes and their probabilities.

Earnings Growth Rate

The rate at which a company's net income is expected to grow, often used to evaluate the future profitability of a business.

Dividend Yield

An indicator showing the comparative annual dividends paid by a company against its stock price.

Industry Comparison

Industry Comparison involves evaluating the performance, strategies, and metrics of companies within the same sector to gauge competitive standing and trends.