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StatisticsStatistics for Business & Economics, Revised (MindTap Course List)A survey of 131 investment managers in Barron’s Big Money poll revealed the following: 43% of managers classified themselves as bullish or very bullish on the stock market. The average expected return over the next 12 months for equities was 11.2%. 21% selected health care as the sector most likely to lead the market in the next 12 months. When asked to estimate how long it would take for technology and telecom stocks to resume sustainable growth, the managers’ average response was 2.5 years. a. Cite two descriptive statistics. b. Make an inference about the population of all investment managers concerning the average return expected on equities over the next 12 months. c. Make an inference about the length of time it will take for technology and telecom stocks to resume sustainable growth.BuyFind*arrow_forward*

12th Edition

David R. Anderson + 4 others

Publisher: South-Western College Pub

ISBN: 9781285846323

Chapter 1, Problem 20SE

Textbook Problem

A survey of 131 investment managers in *Barron’s* Big Money poll revealed the following:

- 43% of managers classified themselves as bullish or very bullish on the stock market.
- The average expected return over the next 12 months for equities was 11.2%.
- 21% selected health care as the sector most likely to lead the market in the next 12 months.
- When asked to estimate how long it would take for technology and telecom stocks to resume sustainable growth, the managers’ average response was 2.5 years.

- a. Cite two descriptive statistics.
- b. Make an inference about the population of all investment managers concerning the average return expected on equities over the next 12 months.
- c. Make an inference about the length of time it will take for technology and telecom stocks to resume sustainable growth.

Statistics for Business & Economics, Revised (MindTap Course List)

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