For the first six months of the year, an analyst records the monthly closing stock price (in $) for a firm as: 90, 95, 96, 99, 91, 93. (You may find it useful to reference the table.) 121 Click here for the Excel Data File a. Calculate the sample mean and the sample standard deviation. (Round final answer to 2 decimal places.) Answer is complete and correct. Sample mean Sample standard deviation 94.00 3.35 b. Calculate the 95% confidence interval for the mean stock price of the firm assuming that the stock price is normally distributed. (Round final answer to 2 decimal places.) Confidence interval Answer is complete but not entirely correct. 91.55 to 96.44

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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calculate the 95% confidence interval for the mean stock price of the firm assuming that the stock price is normally distibuted.

  

 

For the first six months of the year, an analyst records the monthly closing stock price (in $) for a firm as: 90, 95, 96, 99, 91, 93. (You
may find it useful to reference the table.)
121 Click here for the Excel Data File
a. Calculate the sample mean and the sample standard deviation. (Round final answer to 2 decimal places.)
Answer is complete and correct.
Sample mean
Sample standard deviation
94.00
3.35
b. Calculate the 95% confidence interval for the mean stock price of the firm assuming that the stock price is normally distributed.
(Round final answer to 2 decimal places.)
Confidence
interval
Answer is complete but not entirely correct.
91.55 to
96.44 K
Transcribed Image Text:For the first six months of the year, an analyst records the monthly closing stock price (in $) for a firm as: 90, 95, 96, 99, 91, 93. (You may find it useful to reference the table.) 121 Click here for the Excel Data File a. Calculate the sample mean and the sample standard deviation. (Round final answer to 2 decimal places.) Answer is complete and correct. Sample mean Sample standard deviation 94.00 3.35 b. Calculate the 95% confidence interval for the mean stock price of the firm assuming that the stock price is normally distributed. (Round final answer to 2 decimal places.) Confidence interval Answer is complete but not entirely correct. 91.55 to 96.44 K
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