Exhibit 13

question 21

Multiple Choice

Exhibit 13.7 A market researcher is studying the spending habits of people across age groups.The amount of money spent by each individual is classified by spending category (Dining out,Shopping or Electronics) and generation (Gen-X,Gen-Y,Gen-Z or Baby Boomers) .An incomplete ANOVA table are shown below. Refer to Exhibit 13.7.Which of the following is the value of SSB?

• A)46,869
• B)159,860
• C)1,115,101
• D)1,321,831

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Definitions:

Endowments

Funds donated to institutions with the stipulation that the principal remains intact and only the investment income is spent.

After-Tax Rate

The rate of return on an investment after accounting for taxes, more reflective of the net gain to the investor.

Safety Of Principal

The assurance that an investment will be repaid or retained, primarily concerning the preservation of invested capital.

Diversified Portfolio

An investment strategy that involves spreading investments across various asset classes to reduce risk.