8. Statistics for the closing price of the USAA Aggressive Growth Fund for the year 2009 indicate...

Question:

8. Statistics for the closing price of the USAA Aggressive Growth Fund for the year 2009 indicate that the average closing price was $23.90, with a standard deviation of

$3.00. Using the 68–95–99.7 Rule, draw and label an appropriate sampling model for the mean closing price of 36 days’ closing prices selected at random. What (if anything)

do you need to assume about the distribution of prices? Are those assumptions reasonable?

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Related Book For  book-img-for-question

Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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