Money surveyed mutual funds as a good investment instrument. Suppose that the annual average percentage return from
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Money surveyed mutual funds as a good investment instrument. Suppose that the annual average percentage return from mutual funds is a normally distributed random variable
with mean 8.7% and standard deviation 5%, and suppose that a random sample of 50 such funds gave a mean return of 10.1% and standard deviation of 4.8%. Compute a 95% highest-posterior-density credible set for the average annual mutual fund return.
Mutual FundsMutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...
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Related Book For 
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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