Question
Use the following information to answer the first 7 questions. An investor with a stock portfolio worth several hundred thousand dollars sued his broker and
Use the following information to answer the first 7 questions.
An investor with a stock portfolio worth several hundred thousand dollars sued his broker and brokerage firm because he felt that lack of diversification in his portfolio led to poor performance for many years in a row. In an effort to avoid close public scrutiny, the firm agreed to settle the conflict by an arbitration panel. The arbitration panel compared a sample of 39 months of the investor's returns with the average of the Standard & Poor's 500-stock index for the same period in order to determine whether there was a substantial decrease. Their data is in the filehttps://byuimath.com/statistics_files/RatesOfReturn.xlsx
Suppose that you are a member of this arbitration panel. Construct a 95% confidence interval for the true mean return of the investor's portfolio. Record your answers below.
1 - Input the lower bound of your confidence interval.
(Round your answer accurate to three decimal places.)
2- Input theupperbound of your confidence interval.(Round your answer accurate to three decimal places.)
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