Initial public offerings (IPOs) of stocks are on average underpriced. The standard deviation measures the dispersion, or

Question:

Initial public offerings (IPOs) of are on average underpriced. The standard deviation measures the dispersion, or variation, in the underpricing-overpricing indicator. A sample of 13 Canadian IPOs that were subsequently traded on the Toronto Stock Exchange had a standard deviation of 14.95. Develop a 95% confidence interval estimate of the population standard deviation for the underpricing-overpricing indicator. Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...