Instruction 3-7
Given Below Is the Frequency Distribution of the 12-Month

question 4

Short Answer

Instruction 3-7
Given below is the frequency distribution of the 12-month rate of return achieved by 30 stocks.
$$\begin{array} { | c | c | } \hline \text { 12-month Rate of Return } & \text { Number of Funds } \\\hline - 0.10 \text { but less than } 0.0 & 3 \\\hline 0.0 \text { but less than } 0.1 & 5 \\\hline 0.1 \text { but less than } 0.2 & 6 \\\hline 0.2 \text { but less than } 0.3 & 10 \\\hline 0.3 \text { but less than } 0.4 & 6 \\\hline\end{array}$$
-Referring to Instruction 3-7,what is the approximate variance?

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Definitions:

Supply-Side Economists

Economists who believe that reducing tax rates and regulatory barriers to production are the best ways to increase economic growth.

Keynesians

Economists and theories following John Maynard Keynes, advocating for government intervention to manage economic cycles and promote full employment.

Economic Behaviorists

Researchers or economists who study the psychological, social, cognitive, and emotional factors influencing the economic decisions of individuals and institutions.

Monetarists

Economists of the view that changes in the money supply significantly affect the national output in the short term and have major impacts on the price level over extended durations.