The Listed Occupations of Stockholders of a Regional Electric Utility

question 109

Short Answer

The listed occupations of stockholders of a regional electric utility company included 9 percent who were homemakers.If we randomly select six stockholders,compute the mean and standard deviation of the number of stockholders who are homemakers in the sample.
Mean = ____________________
SD = ____________________

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Definitions:

Compounded Monthly

Interest on an investment or loan calculated on a monthly basis, where the interest earned each month is added to the principal, and future interest is based on this new amount.

Corporate Bond Fund

A corporate bond fund is an investment fund that focuses on investing in the corporate debt securities of varying credit ratings and maturities.

Equal Annual Installments

A repayment structure where the borrower pays back a loan in fixed amounts each year until the full amount is repaid.

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, so the balance doesn't merely grow, it grows at an increasing rate.