Solve the Problem $\$ 20,000 , \$ 29,000 , \$ 48,000$

question 12

Multiple Choice

Solve the problem.
-The five sales people at Southwest Appliances earned commissions last year of $\$ 20,000 , \$ 29,000 , \$ 48,000$ , $\$ 17,000$ , and $\$ 29,000$ . Find the mean commission.

• A) \(\$ 31,460\)
• B) \(\$ 27,170\)
• C) \(\$ 30,030\)
• D) \(\$ 28,600\)

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Definitions:

Mutual Fund

An investment company pooling and managing funds of investors.

Significant Leverage

Utilization of borrowed money or financial instruments to increase the potential return of an investment.

Hedge Funds

Investment funds that use advanced strategies, including leverage, derivatives, and short selling, aiming for high returns.

Mutual Funds

Investment funds that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities.