The following table shows the annual returns (in percent) for Fidelitys Electronics and Utilities funds. a. Derive

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The following table shows the annual returns (in percent) for Fidelity’s Electronics and Utilities funds.

Electronics Year Utilities 2010 17 11 2011 -8 13 2012 2013 39 21 2014 38 22


a. Derive the 99% confidence intervals for the mean returns for Fidelity’s Electronics and Utilities funds.

b. What did you have to assume to make the above inferences?

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