Question
Suppose that you want to use the 10 year historical average return on the Market to forecast the expected future return on the Market. Year
Suppose that you want to use the 10 year historical average return on the Market to forecast the expected future return on the Market.
Year End | Market Realized Return |
2000 | 25.2% |
2001 | 30.3% |
2002 | 22.3% |
2003 | 25.3% |
2004 | -11.0% |
2005 | -11.3% |
2006 | -20.8% |
2007 | 33.1% |
2008 | 13.0% |
2009 | 7.3% |
Calculate the 95% confidence interval for your estimate of the expect return. (Round your answers to two decimals. Express your answers as percentages)
What is the lower bound in %
What is the upper bound in %
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Elementary Statistics
Authors: Neil A. Weiss
8th Edition
321691237, 978-0321691231
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