Average Return The past five monthly returns for PG Company are 3.25 percent,-1.45 percent,4.35 percent,6.49 percent,and 3.75 percent.What is the average monthly return?
A)1.366 percent
B)1.608 percent
C)3.278 percent
D)3.858 percent

Question

Quizplus · Accepted Answer

To find the average monthly return, we add up the five monthly returns and divide by the total number of returns (in this case, five):

(3.25% - 1.45% + 4.35% + 6.49% + 3.75%) / 5 = 3.278%

Therefore, the average monthly return for PG Company is 3.278 percent, which is closest to answer choice C.

Average Return the Past Five Monthly Returns for PG Company