You want to invest $10,000. Your financial advisor suggests a certain mutual fund. You want to know on average what you can expect to happen with this investment in a year's time. The financial advisor gives you 3 possible outcomes for this mutual fund along with the probability of each outcome happening. Which statistical tool would be the best to use in to find what you would expect to happen on average if you invested in this mutual fund? A. Calculate a 95% confidence interval for the mean B. Calculate the expected value C. Calculate the z score and associated probability to predict the outcome D. Calculate the margin of error
You want to invest $10,000. Your financial advisor suggests a certain mutual fund. You want to know on average what you can expect to happen with this investment in a year's time. The financial advisor gives you 3 possible outcomes for this mutual fund along with the probability of each outcome happening. Which statistical tool would be the best to use in to find what you would expect to happen on average if you invested in this mutual fund? A. Calculate a 95% confidence interval for the mean B. Calculate the expected value C. Calculate the z score and associated probability to predict the outcome D. Calculate the margin of error
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 15PPS
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You want to invest $10,000. Your financial advisor suggests a certain mutual fund. You want to know on average what you can expect to happen with this investment in a year's time. The financial advisor gives you 3 possible outcomes for this mutual fund along with the
A.
Calculate a 95% confidence interval for the mean
Calculate the expected value
Calculate the z score and associated probability to predict the outcome
Calculate the margin of error
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