Katherine Kocher Has Determined the Following Information About Her Own

question 52

Multiple Choice

Katherine Kocher has determined the following information about her own financial situation. Her checking account is worth $850 and her savings account is worth $1,200. She owns her own home that has a market value of $98,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. She has a car worth $12,500. She has recently purchased a 2-year certificate of deposit worth $5,500 and she has a retirement account worth $38,550. What is the value of her investment assets?

• A) $2,050
• B) $98,000
• C) $27,800
• D) $44,050
• E) $171,900

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Definitions:

Tchebysheff's Theorem

A statistical rule that provides a minimum probability of outcomes within a certain number of standard deviations from the mean in any distribution.

Standard Deviations

Metrics that quantify the variations or dispersion around the mean in a data set, showing how spread out the values are.

Project Costs

The total expenditures incurred in the planning, execution, and completion of a project, encompassing materials, labor, and overhead expenses.

Equipment

The necessary items for a particular purpose, including tools, machinery, and appliances.