The monthly closing stock price for a large technology firm for the first six months of the
Question:
The monthly closing stock price for a large technology firm for the first six months of the year are reported in the following table.
Month Price
January..........................................................................71
February........................................................................73
March.............................................................................76
April.................................................................................78
May..................................................................................81
June .................................................................................75
a. Calculate the sample mean and the sample standard deviation.
b. Calculate the 90% confidence interval for the mean stock price of the firm, assuming that the stock price is normally distributed.
c. What happens to the margin of error if a higher confidence level is used for the interval estimate?
Step by Step Answer:
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen