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Re: Average value traded by the investor
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11 Feb 2022, 06:36
1
Can anyone explain the logic of this problem?
I got B as an answer, since 1 investor will have 18 trades in a year and for each trade, the value is added by $2,610. Thus, I had 2,610 * 18 = 47,000, which is B.
I'd appreciate if someone could correct me on this.
Average value traded by the investor
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25 Feb 2024, 02:50
Expert Reply
Attachment:
Q1.png [ 127.84 KiB | Viewed 1341 times ]
Since the question states
Approximately what was the average value traded per investorin the five categories for 2001 we have to care only of the red part of the graph
As such, it is a matter of a multiplication between the two values. Because the two values are already the average per single operation but we need the total average referring to the 5 categories above the red part (in the first half of the table