The S&P TSX Composite Index Delivered Annual Returns of 10

question 2

Multiple Choice

The S&P TSX Composite index delivered annual returns of 10.55%,-8.32%,21.08% and 9.10% from 2014 to 2017.What is a 95% confidence interval for the 2014 return?

• A)4.20% to 11.47%
• B)7.27% to 11.47%
• C)-4.08% to 20.28%
• D)-2.67% to 17.21%
• E)6.91% to 7.63%

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Definitions:

Variable Costing

An accounting method that includes only variable costs—costs that change with production levels—in the calculation of cost of goods sold and excludes fixed costs.

Net Operating Income

The total earnings from a company's operations after deducting operating expenses but before interest and taxes.

Net Operating Income

The profit a company makes after deducting operating expenses from gross profit, not including income and expenses from investments and interest.

Variable Costing

An accounting method that only considers variable costs in determining the cost of products.