THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 305

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A recent survey asked respondents about their monthly purchases of raffle tickets.The monthly expenditures,in dollars,of ten people who play the raffle are 23,15,11,20,28,35,13,10,20,and 24.
-Which of the following statements is not true?

• A)The 75^th percentile is equal to 23.5.
• B)The median is equal to the mode.
• C)The mean is 19.9.
• D)The distribution is approximately symmetric.

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Definitions:

Yield

The income return on an investment, such as the interest or dividends received from holding a particular security.

Annually Compounded

The process where interest is added to the principal sum of a loan or deposit once a year.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, shown as a percentage of the investment's starting price.

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.