A Financial Analyst Wanted to Determine the Mean Annual Return

question 116

Multiple Choice

A financial analyst wanted to determine the mean annual return on mutual funds. A random sample of 60 returns shows a mean of 12%. If the population standard deviation is assumed to be 4%, estimate with 95% confidence the mean annual return on all mutual funds.

• A) 11.325% to 13.012%
• B) 10.988% to 14.025%
• C) 11.325% to 14.025%
• D) 10.988% to 13.012%
• E) 8% to 16%

---

Definitions:

Over-Bed Trapeze

A medical device mounted on hospital beds to assist patients in changing positions, moving, or sitting up with minimal assistance.

Unconscious Patient

A patient who is in a state where they are unable to respond to stimuli and are unaware of their surroundings.

Semi-Fowler's Position

A patient positioning where the individual lies on their back with the head and torso raised between 15 to 45 degrees, often used to promote oxygenation.

Supine Position

A horizontal body position where one lies flat with the face and torso facing up.