The mean interest rate of 500 money market mutual funds is 7.98 % with a standard deviation

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The mean interest rate of 500 money market mutual funds is 7.98 % with a

standard deviation of 1.01 %. Suppose you draw a sample of 25 mutual funds.

(a) What is the mean of the sample mean rate?

(b) What is the variance of the sample mean?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 16, 2024 02:19 PM

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The mean interest rate of 500 money market mutual funds is 7.98 % with a standard deviation

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To answer these questions we can use the properties of sampling distributions and the Central Limit ...View the full answer

Statistics For Business And Financial Economics

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