Public Class CostArray

question 12

Essay

public class CostArray
{
    public static void main(String[] args)
    {
       double[] costs = new double[3];
       costs[0] = 5.00;
       costs[1] = 7.00;
       costs[2] = 9.00;
       System.out.println(costs[3]);
    }
}
Once the above code is compiled and executed, an error message is generated. Explain the error message that will result and explain the reason for the error.

---

Definitions:

Nondiversifiable Risk

A type of investment risk that is systematic and affects all companies or investments within an entire market.

Systematic Risk

The inherent risk associated with the entire market or market segment that cannot be eliminated through diversification.

Variance

A statistical measurement that represents the dispersion of a dataset relative to its mean, used to quantify the spread of data points.

Regression

A statistical method for estimating the relationships among variables, often used for prediction and forecasting in finance.