Pearson eText for Basic Business Statistics -- Instant Access (Pearson+)
14th Edition
ISBN: 9780137400119
Author: MARK BERENSON, David Levine
Publisher: PEARSON+
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Chapter 3, Problem 22PS
In 2013 through 2016, the value of precious metals fluctuated dramatically. The following data (stored in Metals) represent the total rate of return (in percentage) for platinum, gold, and silver from 2013 through 2016:
a. Compute the geometric mean rate of return per year for platinum, gold, and silver from
2013 through 2016.
b. What conclusions can you reach concerning the geometric mean rates of return of the three precious metals?
c. Compare the results of (b) to those of Problem 3.21 (b).
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A common way for two people to settle a frivolous dispute is to play a game of rock-paper-scissors. In this game, each person simultaneously displays a hand signal to indicate a rock, a piece of paper, or a pair of scissors. Rock beats scissors, scissors beats paper, and paper beats rock. If both players select the same hand signal, the game results in a tie.
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Chapter 3 Solutions
Pearson eText for Basic Business Statistics -- Instant Access (Pearson+)
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