What Answer Should Be Reported, with the Correct Number of Significant

question 24

Multiple Choice

What answer should be reported, with the correct number of significant figures, for the following calculation? log(4.28 × 10³) - 1

• A) 2.63144
• B) 2.6314
• C) 2.631
• D) 2.6
• E) 3

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Definitions:

Momentum Effects

The phenomenon where securities that have performed well in the past continue to perform well in the near future, and vice versa.

Resistance Level

The resistance level in trading is a price point above which a security or market is unlikely to rise, often leading to a sell-off when approached.

Support Level

A price level below which a stock or market rarely falls, representing a point where buying interest overcomes selling pressure.

Confidence Level

A statistical measure that represents the degree of certainty (or confidence) that a parameter lies within a specified range of values.