(Solution)-A certain brokerage house wants to estimate the mean daily return on a certain stock

Description

Solution download


Question

A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of 12 days yields the following return percentages: 2.08, -2.59, 1.13, 2.88, -0.74, -1.19, 0.28, 1.41, 2.53, -2.85, -2.41, -0.68 If we assume that the returns are normally distributed, find a 95% confidence interval for the mean daily return on this stock. Need to find the lower and upper confidence interval?

 

Solution ID:10086568 | Question answered on 16-Oct-2016

Price : $21
SiteLock

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now