What Is the Approximate Variance of Returns If Over the Past

question 47

Multiple Choice

What is the approximate variance of returns if over the past 3 years an investment returned 8.0%,-12.0%,and 15.0%?

• A) 31
• B) 131
• C) 182
• D) 961

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Definitions:

Business Firm

An organization engaged in commercial, industrial, or professional activities, aiming to generate profits by offering goods or services.

Taxes

Mandatory monetary levies enforced by a government on people or organizations to support public spending.

Price

The amount of money expected, required, or given in exchange for something else.

Gallons

A unit of volume measurement used primarily in the United States for liquids, equal to 3.785 liters.