The Average Annual Return Over the Period 1926-2009 for the S&P

question 12

Multiple Choice

The average annual return over the period 1926-2009 for the S&P 500 is 12.0%, and the standard deviation of returns is 21.3%. Based on these numbers, what is a 95% confidence interval for 2010 returns?

• A) -1.5%, 21.8%
• B) -10.7%, 32.8%
• C) -30.6%, 54.6%
• D) -30.6%, 76.4%

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Definitions:

Legal System

The comprehensive system of rules and principles, enforced by institutions, which governs a society.

Free Black Man

A Black individual who was not enslaved, living in a period where slavery was legally sanctioned but enjoying a limited form of freedom and rights.

Anthony Johnson

An early African American property owner known for his transition from indentured servitude to land ownership in 17th-century Virginia.

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