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Solve all questions 2. New York Stock Exchan stocks listed on the New normal) with mean ,u, go. Suppose that the percentage returns for a

Solve all questions

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2. New York Stock Exchan stocks listed on the New normal) with mean ,u, go. Suppose that the percentage returns for a given year for all York Stock Exchange follows a non~normal distribution (far from = 11 percent and a standard deviation of 0' = 10 percent. (a) Consider drawing a random sample of n = 16 stocks from the population of all stocks and calculating the mean return of the sixteen sampled stocks. Remember that we can think of the observed sample mean, :E, as a single draw from a distribution that relates to the random variable X. We call this distribution the sampling distribution of the sample mean. i. What is the mean of the sampling distribution of the sample mean when n = 16? (Do NOT round your answerl 0 Normal 0 Approximately Normal 0 Not Normal iv. Given the tools we have learned in class, can you nd the probability that the mean return of the 16 sampled stocks is less than 28 percent? (Choose one) Yes or No [LA 1\

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