You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average annual percent return on the S&P 500 stocks over the last 5 years?

You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average annual percent return on the S&P 500 stocks over the last 5 years?

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent
returns of the S&P 500 are 20.12%, -6.84 %, 29.48 %, 16.86 %, and 15.09 %. What is the average
annual percent return on the S&P 500 stocks over the last 5 years?

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