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Peter Biggs wants to know how growth managers performed last year. Biggs assumes that the population cross-sectional standard deviation of growth manager returns is 6

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Peter Biggs wants to know how growth managers performed last year. Biggs assumes that the population cross-sectional standard deviation of growth manager returns is 6 percent and that the returns are independent across managers. How large a random sample does Biggs need if ho wants the standard deviation of the sample means to be 0.5 (n0t 1, not 0.25) percent? Enter your answer founded to the nearest whole number

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