Between 1990 and 2000, the Standard Deviation of the Returns

question 3

Multiple Choice

Between 1990 and 2000, the standard deviation of the returns for the NIKKEI and the DJIA indexes were 0.18 and 0.16, respectively, and the covariance of these index returns was 0.003. What was the correlation coefficient between the two market indicators?

• A) 9.6
• B) 0.0187
• C) 0.1042
• D) 0.0166
• E) 0.343

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Definitions:

Decertification

The process by which a labor union is removed as the bargaining representative of a group of employees, typically through a vote among the employees.

Certifying

The process of formally validating the qualifications, capabilities, or quality of an individual or entity.

NLRA

Stands for the National Labor Relations Act, which is legislation enacted in 1935 in the United States to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices.

Recognition Strikes

Work stoppages by employees aimed at forcing an employer to recognize their union as the official bargaining agent for the workforce.