You are examining a group of 5 mutual funds. Their average annual returns have been 10%, 8%, 13%, 19%, and 15%. What is the range of annual returns?
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A. B. C. D.C
The range = the maximum value - the minimum value. Here, we have 19% - 8% = 11%.
To find the range of annual returns, we need to calculate the difference between the highest and lowest values in the set of returns. In this case, we have the following annual returns for the 5 mutual funds: 10%, 8%, 13%, 19%, and 15%.
To find the highest value, we look for the largest return, which is 19%. To find the lowest value, we look for the smallest return, which is 8%.
The range is then calculated by subtracting the lowest value from the highest value: 19% - 8% = 11%.
Therefore, the range of annual returns for the group of mutual funds is 11%.
Based on the given options, the correct answer is C. 11.0%.