Question
During the eight weeks between July 22 and September 16 2016, Facebook's weekly stock returns were 2.4%, 1.0%, 0.2%, 1.1%, 1.1%, 1.2%, 0.5%, and 1.5%.
During the eight weeks between July 22 and September 16 2016, Facebook's weekly stock returns were 2.4%, 1.0%, 0.2%, 1.1%, 1.1%, 1.2%, 0.5%, and 1.5%. Assume that the distribution of Facebook's weekly stock returns is stationary over time. Estimate Facebook's expected weekly stock return using the given historical return data. Round your answer to one decimal place (Answer Format Example: If you get an answer of 3.2%, then type 3.2 as your answer). Note: This sample of returns is very small by design to make computations easier. In a real world application, one would estimate means and standard deviations from a larger sample of data.
* Please show work *
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