The Past Five Monthly Returns for K and Company Are

question 34

Multiple Choice

The past five monthly returns for K and Company are 2.28 percent, 2.64 percent, −1.05 percent, 4.25 percent, and 9.25 percent. What is the average monthly return?

• A) 1.45 percent
• B) 1.62 percent
• C) 3.47 percent
• D) 3.89 percent

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Definitions:

Collectively Exhaustive

Refers to a set of events that covers all possible outcomes, ensuring that no possibilities are left out.

Equally Likely

A term used in probability to describe outcomes that have the same chance of occurring.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Mutually Exclusive

Referring to events that cannot both occur at the same time, implying no overlap in their possible outcomes.