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Initial public offerings of stocks are on average underpriced. The standard deviation measure the dispersion, or variation, in the underpricing - overpricing indicator. A sample

Initial public offerings of stocks are on average underpriced. The standard deviation measure the dispersion, or variation, in the underpricing -overpricing indicator. A sample of 13 Canadian IPOs that were subsequently traded on the Toronto Stock Exchange has a standard deviation of 14.95. Develop a 95% confidence interval estimate of the population standard deviation for the underpricing-overpricing indicator.

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