An investment of $1,000 you made 4 years ago was worth $1,200 after the first year, $1,200
Question:
An investment of $1,000 you made 4 years ago was worth $1,200 after the first year, $1,200 after the second year, $1,500 after the third year, and $2,000 today.
a. Compute the annual rates of return.
b. Compute the mean and median of the rates of return.
c. Compute the geometric mean.
d. Discuss whether the mean, median, or geometric mean is the best measure of the performance of the investment.
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Related Book For
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller
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