treehugger2032 treehugger2032
  • 24-03-2021
  • Business
contestada

A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the four years?

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Muscardinus Muscardinus
  • 29-03-2021

Answer:

$375

Explanation:

A stock you own earned: $200, $500, $100, and $700 over the last four years.

We need to find the annual gain in value over the four years. We know that,

Mean = sum of observations/total no. of observations

Put all the values,

[tex]M=\dfrac{200+500+100+700}{4}\\\\M=\$ 375[/tex]

So, the required mean annual gain is equal to $375.

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