Use the Table for the Question(s)below

question 64

Multiple Choice

Use the table for the question(s) below.
Consider the following realized annual returns:

-The average annual return over the period 1926-2009 for the S&P 500 is 11.7%,and the standard deviation of returns is 20.5%.Based on these numbers,what is a 95% confidence interval for 2010 returns?

• A)1.5%,,22.0%
• B)-8.8%,32.2%
• C)-29.3%,52.7%
• D)-29.3%,73.2%
• E)-14.4%,26.2%

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Definitions:

FIFO

Stands for "First-In, First-Out," an inventory valuation method where the first items placed in inventory are the first sold.

Merchandise Sold

Merchandise sold refers to the completed sales or the process of selling goods that are part of a company's inventory.

Weighted Average

A calculation that takes into account the varying degrees of importance or sizes of components in a dataset, providing a measure that reflects their relative contributions.

Inventory Costing Methods

Techniques used to determine the cost of inventory sold and remaining in stock, including FIFO, LIFO, and average cost methods.