Fifteen Accounting Majors Had an Average Grade of 90 on a Finance

question 102

Multiple Choice

Fifteen accounting majors had an average grade of 90 on a finance exam. Seven marketing majors averaged 85, while ten finance majors averaged 93 on the same exam. What is the weighted mean for the 32 students taking the exam?

• A) 89.84
• B) 89.33
• C) 89.48
• D) Impossible to determine without more information

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Definitions:

Securities Analysts

Professionals who evaluate and report on the financial health and prospects of companies and industries, often focusing on predicting future earnings and market movements.

Financial Projections

Estimates of future financial performance, including income, expenses, and cash flow, over a set period.

Business Plan

A formal written document detailing the goals of a business, the strategy for achieving them, and the financial, operational, and marketing plans.

Operating Plan

A detailed outline of a company's goals, strategies, and projected financial actions within a specific period, usually part of the overall business plan.