The rates of return on 7 natural resources mutual funds are given below: 14.77 15.04 16.95 18.07 14.83 15.69 17.85 Suppose that the rates are approximately normal. (a) Compute the mean and the standard deviation funds. Round your answer to three decimal places. (b) Calculate the lower confidence limite and the upper confidence limite of the 99% confidence interval for u, the mean rate of return of natural resources mutual funds. Round your answer to three decimal places. rate of return of natural resources mutual
The rates of return on 7 natural resources mutual funds are given below: 14.77 15.04 16.95 18.07 14.83 15.69 17.85 Suppose that the rates are approximately normal. (a) Compute the mean and the standard deviation funds. Round your answer to three decimal places. (b) Calculate the lower confidence limite and the upper confidence limite of the 99% confidence interval for u, the mean rate of return of natural resources mutual funds. Round your answer to three decimal places. rate of return of natural resources mutual
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.3: Special Probability Density Functions
Problem 28E
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![QUESTION 12
The rates of return on 7 natural resources mutual funds are given below:
14.77
15.04 16.95 18.07 14.83 15.69 17.85
Suppose that the rates are approximately normal.
(a) Compute the mean
and the standard deviation
rate of return of natural resources mutual
funds. Round your answer to three decimal places.
(b) Calculate the lower confidence limite
and the upper confidence limite
of the 99%
confidence interval for u, the mean rate of return of natural resources mutual funds. Round your answer to three decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c9e4a65-9c58-4843-a7d6-523f467e2771%2F1c8a1bf3-2576-46a7-a792-150cd92805fa%2Fmoq64ca_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 12
The rates of return on 7 natural resources mutual funds are given below:
14.77
15.04 16.95 18.07 14.83 15.69 17.85
Suppose that the rates are approximately normal.
(a) Compute the mean
and the standard deviation
rate of return of natural resources mutual
funds. Round your answer to three decimal places.
(b) Calculate the lower confidence limite
and the upper confidence limite
of the 99%
confidence interval for u, the mean rate of return of natural resources mutual funds. Round your answer to three decimal places.
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