Thirteen analysts have given the following fiscal-year earnings forecasts for a stock: Forecast (Xi) 0.70 0.72 0.74 0.75 0.76 0.77 0.82 number of analysts (ni) 2 4 1 3 1 1 1 Because the sample is a small fraction of the number of analysts who follow this stock, assume that we can ignore the finite population correction factor. a.      what are the mean forecast and standard deviation of forecasts? B. what aspect of the data makes us uncomfortable about

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

. Thirteen analysts have given the following fiscal-year earnings forecasts for a stock:

Forecast (Xi)

0.70 0.72 0.74 0.75 0.76 0.77 0.82

number of analysts (ni)

2 4 1 3 1 1 1

Because the sample is a small fraction of the number of analysts who follow this stock, assume that we can ignore the finite population correction factor. a.      what are the mean forecast and standard deviation of forecasts? B. what aspect of the data makes us uncomfortable about using t-tables to construct

confidence intervals for the population mean forecast?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON