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The monthly closing stock prices (rounded to the nearest dollar) for Panera Bread Co. for the first six months of 2010 are reported in 10
The monthly closing stock prices (rounded to the nearest dollar) for Panera Bread Co. for the first six months of 2010 are reported in 10 the following table. [You may find it useful to reference the t table.] Months Closing Stock Price January 120 3 February 125 points March 121 April 128 May 129 June 127 eBook Hint Source: http://finance.yahoo.com. Print a. Calculate the sample mean and the sample standard deviation. (Round intermediate calculations to at least 4 decimal places and References "Sample mean" and "Sample standard deviation" to 2 decimal places.) Sample mean Sample standard deviationeBook Hint b. Calculate the 99% confidence interval for the mean stock price of Panera Bread Co., assuming that the stock price is normally distributed. (Round "t" value to 3 decimal places and final answers to 2 decimal places.) Print ferences Confidence interval to c. What happens to the margin of error if a higher confidence level is used for the interval estimate? O The margin of error increases as the confidence level increases. O The margin of error decreases as the confidence level increases
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