If You Have a Population Standard Deviation of 9 and a Sample

question 7

Multiple Choice

If you have a population standard deviation of 9 and a sample size of 81, what is your standard error of the mean?

• A)−3
• B)2
• C)1
• D)9

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Definitions:

Expense Ratio

The annual fee that mutual funds, ETFs, and other managed portfolios charge their shareholders, expressed as a percentage of assets under management.

Mutual Fund

A pooled investment fund that gathers resources from several investors to place into various investment options such as stocks, bonds, and money market instruments.

Front-end Load

A fee paid by an investor at the time of entering a fund, such as a mutual fund, which is typically used to cover the fund's sales and marketing costs.

Expense Ratio

A measure of the total cost of managing and operating a fund, including administrative and management fees, expressed as a percentage of the fund's total assets.