The answer would be D) 98.8% because if the initial price is $25 per share, then Gavin would have spent $12,500. None of the other answers make sense since if it was just 3% or 82.3%, then it would be too much to equal $150 in return. If you were to put C, then the shares would equal $4.43 each, and If you bought 500 shares, then it would equal $2,212.5 which would be way more than $150. In the other hand, D is correct because then only 1 share would equal $0.3 and that multiplied by 500 equals precisely $150.
Hope this helps!
Answer:
C
Step-by-step explanation:
Answer:
Given Rate of interest is r=8%=0.08
Principal Amount is A=5,000
Time is t years
Interest is compounded yearly twice ⟹n=2
Amount =P(1+
n
r
)
nt
=5000×(1+
2
0.08
)
2t
=5,408
(1.0816)
t
=
5000
5408
⟹t=1
The answer choice that correctly calculates and interprets the standard deviation of the sum, S = X + Y is D. Sigma Subscript s = 0.8; companies A and B can expect the total weight of packages to vary by approximately 0.8 ounces from the mean.
<h3>What does the standard deviation means?</h3>
A standard deviation means the all measure of how dispersed the data is in relation to the mean. It should be noted that low standard deviation means that the data are clustered around the mean, and the high standard deviation means that the data are more spread out.
In this case, the answer choice that correctly calculates and interprets the standard deviation of the sum, S = X + Y is the sigma Subscript s = 0.8; companies A and B can expect the total weight of packages to vary by approximately 0.8 ounces from the mean.
In conclusion, the correct option is D.
Learn more about standard deviation on:
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