# Initial public offerings (IPOs) of stocks are on average underpriced. The standard deviation measures the dispersion, or variation, in the underpricing-overpricing indicator. A sample of 13 Canadian IPOs that were subsequently traded on the Toronto Stock Exchange had a standard deviation of 14.95. Develop a 95% confidence interval estimate of the population standard deviation for the underpricing-overpricing indicator.

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

13th Edition
Anderson
Publisher: CENGAGE L
ISBN: 9781305881884

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Chapter 11, Problem 24SE
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