Investment companies provide their clients with automated tools called stock screeners to help them select a portfolio of stocks to invest in The American Association of Individual Investors (AAII) provides statistics on stock screeners at its Web site, www aaii com The next table lists the annuali...

a The mean is The average annualized percentage re ...

Investment companies provide their clients with automated tools-called stock screeners-to help them select a portfolio of stocks

Question:

Investment companies provide their clients with automated tools-called stock screeners-to help them select a of to invest in. The American Association of Individual Investors (AAII) provides statistics on stock screeners at its Web site, www.aaii.com. The next table lists the annualized percentage return on investment (as compared to the Standard & Poor's 500 Index) for 13 randomly selected stock screeners. (A negative annualized return reflects a stock that performed worse than the S&P 500.)

a. Compute the mean for the data set. Interpret its value.
b. Compute the median for the data set. Interpret its value.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...