Question
An index of Canadian common shares generated the following rates of return over the past 4 years: 7.31%, 8.26%, 3.19%, 2.34%. Calculate the arithmetic mean.
An index of Canadian common shares generated the following rates of return over the past 4 years: 7.31%, 8.26%, 3.19%, 2.34%. Calculate the arithmetic mean. Explain the term arithmetic mean. When is this calculation useful? Calculate the geometric mean. Explain the term geometric mean. When is this calculation useful?
Step by Step Solution
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Step: 1
So arithmetic mean considering data over past 4 years is given sample 731 826 319 234 4 21...
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Step: 2
Step: 3
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Mike Deschamps
14th Edition
0134729315, 978-0134729312
