The Net Asset Value of a Mutual Fund Is

question 53

Multiple Choice

The net asset value of a mutual fund is

• A) determined by subtracting the fund's liabilities from its assets and dividing by the number of shares outstanding.
• B) determined by calculating the net price of the assets owned by the fund.
• C) calculated every 15 minutes and used for transactions occurring during the next 15-minute interval.
• D) calculated as the difference between the fund's assets and its liabilities.

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Definitions:

Explanatory Variable

An explanatory variable, also known as an independent variable, is a variable in statistical modeling that is manipulated to assess its effects on a dependent variable.

Normally Distributed

Describes a data distribution shaped like a symmetrical bell curve, with mean, median, and mode all equal.

Parameters

Parameters are specific numerical or categorical boundaries set within a study or experiment that define the data to be collected or the conditions under which the study is conducted.

Degrees of Freedom

The number of independent values in a dataset that are free to vary when estimating statistical parameters or testing hypotheses.