On its first day on the stock market, the Chinese Internet search engine, Baidu, increased its share
Question:
a. Calculate a 95% confidence interval for the average percentage decrease after the first-day offering in the share of those IPOs not in the 9 IPOs with the largest first-day gains.
b. Does it appear that there is a difference in the average percentage decrease in the share prices of the two groups? Support your assertions.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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