How Much Money Would You Need to Purchase 400 Shares

question 110

Multiple Choice

How much money would you need to purchase 400 shares of a mutual fund with an NAV of $55 per share and a 3% load?

• A) $22,000
• B) $21,450
• C) $23,200
• D) $22,680

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Definitions:

Linearly Related

Describes a relationship between two variables where a change in one variable causes a proportional change in another variable.

Correlation Coefficient

A numerical measure that indicates the extent of a statistical relationship between two variables, ranging from -1 to 1.

Box Plots

A graphical representation of the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Outliers

Outliers are data points that differ significantly from other observations, potentially indicating a measurement variation or error.