EBK STATISTICS FOR BUSINESS & ECONOMICS
12th Edition
ISBN: 8220100460463
Author: Anderson
Publisher: CENGAGE L
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Chapter 1, Problem 20SE
A survey of 131 investment managers in Barron’s Big Money poll revealed the following:
- 43% of managers classified themselves as bullish or very bullish on the stock market.
- The average expected return over the next 12 months for equities was 11.2%.
- 21% selected health care as the sector most likely to lead the market in the next 12 months.
- When asked to estimate how long it would take for technology and telecom stocks to resume sustainable growth, the managers’ average response was 2.5 years.
- a. Cite two
descriptive statistics . - b. Make an inference about the population of all investment managers concerning the average return expected on equities over the next 12 months.
- c. Make an inference about the length of time it will take for technology and telecom stocks to resume sustainable growth.
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Chapter 1 Solutions
EBK STATISTICS FOR BUSINESS & ECONOMICS
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