In Margaritte's Sociology Discussion Group 4 of the 5 Students

question 119

Multiple Choice

In Margaritte's sociology discussion group 4 of the 5 students are between the ages of 19 and 23; the fifth student is 54 years old.If Margaritte wants to report the statistic that best represents the "average" age for her discussion group,she should report either

• A) the mean or the median, because these numbers are typically the same.
• B) the mean or the mode, because these number are not affected by extreme scores.
• C) the median or the mode, because these numbers will be more representative.
• D) the mean or the standard deviation, so additional statistics can be calculated.

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Definitions:

Expected Return

The expected return is the anticipated profit or loss from an investment over a given period.

True Risk

The actual level of risk associated with an investment or decision, considering all factors including unknowable future events.

Systematic Risk Principle

Principle stating that the expected return on a risky asset depends only on that asset’s systematic risk.

Expected Return

The weighted average of all possible returns for an investment, with each return being weighted by its probability of occurrence.