A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of 12 days yields the following return percentages. 0.46,-1.46, 1.91, 2.83, 1.45,-1.02, 0.32, 2.21, -0.42,-0.85, -2.18,-2.55 Send data to calculator Send data to Excel If we assume that the returns are normally distributed, find a 95% confidence interval for the mean daily return on this stock. Then find the lower limit and upper limit of the 95% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.) Lower limit:I Upper limit:

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%
A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of 12 days yields the following return percentages:

0.46, -1.46, 1.91, 2.83, 1.45, -1.02, 0.32, 2.21, -0.42, -0.85, -2.18, -2.55

[Buttons: Send data to calculator] [Send data to Excel]

If we assume that the returns are normally distributed, find a 95% confidence interval for the mean daily return on this stock. Then find the lower limit and upper limit of the 95% confidence interval.

Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.)

[Text boxes for answers]

Lower limit: [   ]   
Upper limit: [   ]

[Button with options: checkmark, redo, question mark]
Transcribed Image Text:A certain brokerage house wants to estimate the mean daily return on a certain stock. A random sample of 12 days yields the following return percentages: 0.46, -1.46, 1.91, 2.83, 1.45, -1.02, 0.32, 2.21, -0.42, -0.85, -2.18, -2.55 [Buttons: Send data to calculator] [Send data to Excel] If we assume that the returns are normally distributed, find a 95% confidence interval for the mean daily return on this stock. Then find the lower limit and upper limit of the 95% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.) [Text boxes for answers] Lower limit: [ ] Upper limit: [ ] [Button with options: checkmark, redo, question mark]
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman