Compare the Scores: a Score of 88 on a Test

question 87

Multiple Choice

Compare the scores: a score of 88 on a test with a mean of 79 and a score of 78 on a test with a mean of 70.

• A)You cannot determine which score is better from the given information.
• B)The two scores are statistically the same.
• C)A score of 75 with a mean of 65 and a standard deviation of 8 is better.
• D)A score of 75 with a mean of 70 and a standard deviation of 4 is better.

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Definitions:

Effective Annual Rate

The real return on an investment, considering the effect of compounding interest over a period, typically one year.

Monthly Return

The investment profit or loss during a one-month period, often used to assess performance.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

VaR (Value At Risk)

A statistical technique used to measure and quantify the level of financial risk within a firm, portfolio, or position over a specific time frame.