An Investor Bought Common Stock of Blackstone Company on Several

question 58

Multiple Choice

An investor bought common stock of Blackstone Company on several occasions at the following prices.The following frequency distribution represents the number of hours studied per week by a sample of 50 students. The average price per share at which the investor bought these shares of common stock was the closest to _____.

• A) $28.00
• B) $29.43
• C) $30.67
• D) $31.00

---

Definitions:

Competitive Advantage

A business strategy that allows a company to produce goods or services better, cheaper, or more uniquely than its competitors.

Darwin's Theory

A scientific theory of biological evolution that postulates that all species of organisms arise and develop through the natural selection of small, inherited variations that increase the individual's ability to compete, survive, and reproduce.

Influential Animal

A term with no precise definition in the established scientific or educational lexicon, potentially referring to an animal that has a significant impact on its environment or on human culture.

Apes

Apes are a group of primates that includes gorillas, chimpanzees, orangutans, and gibbons, known for their large brains relative to body size and lack of a tail.