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The annual report of Dennis Industries cited these primary
Chapter 3, Problem 35E(choose chapter or problem)
Problem 35E
The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.68, $1.03, $2.26, $4.30, and $3.58. If we assume these are population values, what is:
a. The arithmetic mean primary earnings per share of common stock?
b. The variance?
Questions & Answers
QUESTION:
Problem 35E
The annual report of Dennis Industries cited these primary earnings per common share for the past 5 years: $2.68, $1.03, $2.26, $4.30, and $3.58. If we assume these are population values, what is:
a. The arithmetic mean primary earnings per share of common stock?
b. The variance?
ANSWER:
Solution:
Step 1 of 3:
The data regarding primary earnings per common share for the past 5 years of Dennis Industries is given.They are $2.68,$1.03,$2.26,$4.30,$3.58.
These values are assumed to be population values.
Using this we need to find the required values.