1. Descriptive statistics O quickly describe large amounts of data O can predict future stock returns with surprising accuracy O help statisticians understand non-numeric information, like colors O refer mainly to patterns that can be found in data 2. A 15% return on a stock means that O 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return o the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. A stock purchased on January 1 cost $4.35 per share. The same stock, sold on December 31 of the same year, brought in $4.75 per share. What was the approximate retum on this stock? O 0.09% O 109% 01.09% 99