__________ Involve Establishing Specific Goals on Given Metrics and Then

question 22

Short Answer

__________ involve establishing specific goals on given metrics and then measuring to what extent these goals have been achieved at certain time intervals.

---

Definitions:

Normal Distribution Function

A statistical function that describes how the values of a variable are distributed, with most observations clustering around the mean and fewer observed in the tails.

Cumulative Normal Function

A statistical function that indicates the probability that a random observation that is drawn from a normal distribution falls within a certain range of values.

Sharpe Measure

A ratio used to evaluate the risk-adjusted return of an investment portfolio; it represents the excess return per unit of deviation in an investment.

Risk Adjusted Performance

An evaluation of an investment's return after accounting for the degree of risk that was taken to achieve it.