Roddy Richards invested $12014.88 in Wolverine Meat Distributors (W. M. D.) five years ago. The investment had yearly arithmetic returns of minus- 9.7%, minus- 8.1%, 15%, 7.2%, and 15.4%. What is the arithmetic average return of Roddy Richard's investment?

A. 4.63%

B. 8.78%

C. 6.96%

D. 3.38%

Question

Briana Mercado

Business

5 September, 02:07

Roddy Richards invested $12014.88 in Wolverine Meat Distributors (W. M. D.) five years ago. The investment had yearly arithmetic returns of minus- 9.7%, minus- 8.1%, 15%, 7.2%, and 15.4%. What is the arithmetic average return of Roddy Richard's investment?

A. 4.63%

B. 8.78%

C. 6.96%

D. 3.38%

+4

Answers (1)

Know the Answer?

Jared Sharp · Answer 1

Answer: 3.96%

Explanation:

The Arithmetic Mean is a most famous Quantitative Analysis method that simply involves adding up all figures involved and dividing it by the number of figures involved.

Calculating it therefore would be,

= - 9.7 + - 8.1 + 15 + 7.2 + 15.4 / 5

= 19.8/5

= 3.96 %

There seems to be an error in the multiple choice.

3.96 % is the arithmetic average return of Roddy Richard's investment based on the information we have but it is not listed.

Roddy Richards invested $12014.88 in Wolverine Meat Distributors (W. M. D.) five years ago. The investment had yearly arithmetic returns of minus- 9.7%, minus- 8.1%, 15%, 7.2%, and 15.4%. What is the arithmetic average return of Roddy Richard's investment?A. 4.63%B. 8.78%C. 6.96%D. 3.38%

Roddy Richards invested $12014.88 in Wolverine Meat Distributors (W. M. D.) five years ago. The investment had yearly arithmetic returns of minus- 9.7%, minus- 8.1%, 15%, 7.2%, and 15.4%. What is the arithmetic average return of Roddy Richard's investment?

A. 4.63%

B. 8.78%

C. 6.96%

D. 3.38%