The price per share of stock for a sample of 25 companies was recorded at the beginning of 2012 and then again at the end of the 1st quarter of 2012. How stocks perform during the 1st quarter is an indicator of what is ahead for the stock market and the economy. The sample data are provided in the Excel Online file below. Construct a spreadsheet to answer the following questions. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak Open spreadsheet a. Let di denote the change in price per share for company i where d; = 1st quarter of 2012 price per share minus the beginning of 2012 price per share. Use the sample mean of these values to estimate the dollar amount a share of stock has changed during the 1st quarter $7.34 (to 2 decimals) b. What is the 95% confidence interval estimate of the population mean change in the price per share of stock during the first quarter? Interpret this result. Standard deviation (to 2 decimals): Confidence interval (to 2 decimals): ( The mean price per share has increase between Check My Work Reset Problem ) % and % over the three-month period (to 1 decimal).
The price per share of stock for a sample of 25 companies was recorded at the beginning of 2012 and then again at the end of the 1st quarter of 2012. How stocks perform during the 1st quarter is an indicator of what is ahead for the stock market and the economy. The sample data are provided in the Excel Online file below. Construct a spreadsheet to answer the following questions. Due to a recent change by Microsoft you will need to open the XLMiner Analysis ToolPak add-in manually from the home ribbon. Screenshot of ToolPak Open spreadsheet a. Let di denote the change in price per share for company i where d; = 1st quarter of 2012 price per share minus the beginning of 2012 price per share. Use the sample mean of these values to estimate the dollar amount a share of stock has changed during the 1st quarter $7.34 (to 2 decimals) b. What is the 95% confidence interval estimate of the population mean change in the price per share of stock during the first quarter? Interpret this result. Standard deviation (to 2 decimals): Confidence interval (to 2 decimals): ( The mean price per share has increase between Check My Work Reset Problem ) % and % over the three-month period (to 1 decimal).
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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Step 1: Write the given information.
VIEWStep 2: Estimate the dollar amount a share of stock has changed during the 1st quarter.
VIEWStep 3: Determine the standard deviation and critical value required for 95% confidence interval.
VIEWStep 4: Determine the 95% confidence interval estimate of the population mean change in price per share.
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