A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of 15 days yields the following return percentages: 2.2, -0.31, 0.09, 1.8, 2.92, 0.5, -2.41, -2.61, 1.37, -1.18, 2.6, -0.74, -0.86, -2.84, -1.43 If we assume that the returns are normally distributed, find a 90% confidence interval for the mean daily return on this stock. Then complete the table below. Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.) What is the lower limit of the confidence interval? What is the upper limit of the confidence Aa interval?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of
15 days yields the following return percentages:
2.2, -0.31, 0.09, 1.8, 2.92, 0.5, -2.41, -2.61, 1.37, -1.18, 2.6, -0.74, -0.86, -2.84, -1.43
If we assume that the returns are normally distributed, find a 90% confidence interval for the mean daily
return on this stock. Then complete the table below.
Carry your intermediate computations to at least three decimal places. Round your answers to one decimal
place. (If necessary, consult a list of formulas.)
What is the lower limit of the confidence
interval?
What is the upper limit of the confidence
Aa
interval?
Transcribed Image Text:A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of 15 days yields the following return percentages: 2.2, -0.31, 0.09, 1.8, 2.92, 0.5, -2.41, -2.61, 1.37, -1.18, 2.6, -0.74, -0.86, -2.84, -1.43 If we assume that the returns are normally distributed, find a 90% confidence interval for the mean daily return on this stock. Then complete the table below. Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.) What is the lower limit of the confidence interval? What is the upper limit of the confidence Aa interval?
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