If You Buy 100 Shares of 3M at $86 a Share

question 76

Essay

If you buy 100 shares of 3M at $86 a share and sell all shares one year later for $99 a share.During the year,you earned a dividend of $2.10 a share.What was your rate of return? Report your answer in percentages with one decimal point.

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Definitions:

Qualitative Variables

Variables that describe or categorize attributes or characteristics of a sample or population, without implying any order or numerical value for comparison.

Goodness-of-fit-test

A statistical test used to determine how well sample data fit a distribution from a population with a normal distribution.

Contingency Table

A table used in statistics to show the frequency distribution of variables, helping in analyzing the relationship between them.

Multinomial Proportions

Relative frequencies of outcomes from a multinomial distribution, often used to describe the proportion of outcomes in categorical data.