Louis purchased $5,000 worth of stock three years ago and sold it today for $7,000. He received no dividends from this investment. Inflation averaged 4% during the three years he owned the stock
What was his annualized real rate of return on this investment?
A) 4%
B) 9.33%
C) 13.33%
D) 36%
E) 40%
Answer: B
Business
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A random sample of 60 business students required an average of 50.7 minutes to complete a statistics exam. Assume that the population standard deviation to complete the exam was 10.4 minutes
The standard error of the mean for this sample is ________.A) 0.63 B) 1.07 C) 1.34 D) 2.30
Business