The following returns were realized on an investment over a 5-year period.
Year 1 2 3 4 5
Rate of Return .10 .22 .06 -.05 .20
a. Compute the mean and median of returns.
b. Compute the geometric mean.
c. Which one of the three statistics computed in parts (a) and (b) best describe the return over the 5-year period? Explain.
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