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

question 99

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 standard deviation?

Understand the concept of utility and how it influences consumer choices.

Apply the optimal consumption rule to analyze consumer behavior.

Explain the effects of income and substitution on consumer choices and the demand for goods.

Understand the relationship between price changes, income effect, substitution effect, and consumer demand.

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