Tony Checked the Price of a Computer at Six Different

question 2

Multiple Choice

Tony checked the price of a computer at six different stores. The prices are listed below. $1,200; $1,900; $1,500; $2,100; $1,600; $1,500
What is the mean cost of a computer?

• A) $900.67
• B) $1,500
• C) $1,650
• D) $1,633.33

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Definitions:

Hedge Fund

An investment fund that employs various strategies to produce high returns, including leverage, short-selling, and derivatives, accessible typically to wealthy investors.

Incentive Bonus

A form of additional compensation paid to an employee as a reward for achieving certain goals or exceptional performance.

Gross Return

The total return on an investment before any deductions for fees or expenses.

Expense Ratio

A measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's average assets per annum.