From 1871 through 2016, the mean return of the Standard & Poors 500 was 10.72%. A random

Question:

From 1871 through 2016, the mean return of the Standard & Poor’s 500 was 10.72%. A random sample of 38 years is selected from this population. What is the probability that the mean return for the sample was between 9.1% and 10.3%? Assume σ = 18.60%.

Find the indicated probability and interpret the results.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 81% (11 reviews)

using technology About 15 of ...View the full answer

Answered By

Anurag Agrawal

I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day. I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)

4.80+ 2+ Reviews 10+ Question Solved

Related Book For book-img-for-question