Allen Gibbs Purchased 50 Shares of ABC Corp

question 22

Multiple Choice

Allen Gibbs purchased 50 shares of ABC Corp., each worth $110. If the price of the share increases to $135 after a year, which of the following will be the capital gain if Allen sells all his shares?

• A) $1,250
• B) $25
• C) $6,750
• D) $5,500

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 means the event will not happen, and 1 means it will definitely happen.

Jelly Beans

Small, bean-shaped sugar candies with soft candy shells and thick gel interiors, available in various flavors.

Proportion

A statistical measure that reflects the fraction of the total number of items in a particular category.

Standard Deviations

A measure that quantifies the amount of dispersion or variability of a set of data points or distribution from its mean.