Morningstar publishes ratings data on 1208 company stocks (Morningstar website, October 24, 2012) A sample of 40 of these stocks is contained in the data set Morningstar Use the data set to answer the following questions a Develop a point estimate of the proportion of the stocks that receive Mornin...

a Two of the 40 stocks in the sample received a ...

Morningstar publishes ratings data on 1208 company stocks (Morningstar website, October 24, 2012). A sample of 40

Question:

Morningstar publishes ratings data on 1208 company (Morningstar website, October 24, 2012). A sample of 40 of these is contained in the data set Morningstar. Use the data set to answer the following questions.
a. Develop a point estimate of the proportion of the that receive Morningstar’s highest rating of 5 Stars.
b. Develop a point estimate of the proportion of the Morningstar that are rated Above Average with respect to business risk.
c. Develop a point estimate of the proportion of the Morningstar that are rated 2 Stars or less.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...