Concept explainers
a.
To find:Which fund should M choose and the mean absolute deviation for that fund.
a.
Answer to Problem 18STP
M should not choose fund A and the mean absolute deviation of fund A is approximately
Explanation of Solution
Given:
M should invest in smaller mean absolute deviation of profits.
Fund A | 5% | 11% | 8% | 2% | 10% |
Fund B | 9% | 7% | 5% | 3% | 7% |
Calculation:
Mean for Fund A,
To find mean absolute deviation of Fund A,
The mean absolute deviation is approximately
b.
To find: Which fund should M choose? What is the mean absolute deviation for that fund?
b.
Answer to Problem 18STP
M should choose fund B and the mean absolute deviation of fund B is approximately
Explanation of Solution
Given:
M should invest in smaller mean absolute deviation of profits.
Fund A | 5% | 11% | 8% | 2% | 10% |
Fund B | 9% | 7% | 5% | 3% | 7% |
Calculation:
Mean for Fund B,
To find mean absolute deviation of Fund B,
The mean absolute deviation is approximately
Chapter 10 Solutions
Glencoe Math Accelerated, Student Edition
Additional Math Textbook Solutions
Precalculus (10th Edition)
University Calculus: Early Transcendentals (3rd Edition)
Calculus and Its Applications (11th Edition)
Single Variable Calculus: Early Transcendentals (2nd Edition) - Standalone book
Thomas' Calculus: Early Transcendentals (14th Edition)
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning