What Is the Approximate Variance of Returns If Over the Past

question 89

Multiple Choice

What is the approximate variance of returns if over the past three years an investment returned 8.0 percent, -12.0 percent, and 15.0 percent?

• A)31
• B)131
• C)182
• D)961 Mean =

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Definitions:

Price Elasticity

Measures the responsiveness of the quantity demanded of a good to a change in its price, indicating how changes in price affect consumer demand.

Demand Is Elastic

A condition where the quantity demanded of a good or service is significantly changed due to a change in its price. High elasticity indicates a sensitive reaction to price changes.

Total Revenue

The total amount of money received by a company for its goods or services before any expenses are subtracted.

Total Revenue

The total income generated by a firm from selling its goods or services.