Patrick Graduated from College Five Years Ago

question 104

Multiple Choice

Patrick graduated from college five years ago.He has set up an emergency fund and has been paying off his student loans.In addition,he participates in the retirement plan offered by his employer.He wants to invest $75 per month in very small companies (capitalization of $300 million or less) .He should purchase _______ stocks.

• A) blue chip
• B) income
• C) micro cap
• D) midcap
• E) penny

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Definitions:

Interval Estimate

A range of values, calculated from sample data, that is likely to include the true value of a population parameter.

Sample Statistic

A numerical measurement describing some characteristic of a sample, such as the mean or variance.

Sample Mean

The mean of a collection of numbers, determined by summing all the numbers in the set and then dividing by the count of the numbers.

Population Mean

The average of a set of characteristics (such as age, weight) of every member of a population.