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consider the following Year End Market Realized Return Microsoft Realized Return 1996 21.2% 88.3% 1997 30.3% 56.4% 1998 22.3% 114.6% 1999 25.3% 68.4% 2000 -11.0%

consider the following

Year End Market Realized Return Microsoft Realized Return
1996 21.2% 88.3%
1997 30.3% 56.4%
1998 22.3% 114.6%
1999 25.3% 68.4%
2000 -11.0% -62.8%
2001 -11.3% 52.7%
2002 -20.8% -22.0%
2003 33.1% 6.9%
2004 13.0% 9.2%
2005 7.3% -0.9%

Suppose that you want to use the 10 year historical average return on the market to forecast the expected future return on the S & P 500. Calculate the 95% confidence interval for your estimate of the expected return. Show all calculations

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