Question: According to the same Maclean's poll as in Exercise 11, fund owners were asked what they believe will happen to the stock market over the

According to the same Maclean's poll as in Exercise 11, fund owners were asked what they believe will happen to the stock market over the next year. In answer to the question, 46% stated that they believe the market will rise. Assume that this poll was conducted among 900 fund owners. Consider as unusual any result that differs from the mean by more than two standard deviations. That is, unusual values are either less than σ - 2σ or greater than µ + 2σ.
a. For such groups of 900 fund owners, find the mean and standard deviation of the number of optimistic fund holders.
b. In a group of 900 fund owners, 450 show optimism about the future of the stock market. Is this result unusual?

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Let x the number of fund owners who believe the market will rise n 900 p 46 a ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

789-S-J-P-D (1341).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

According to the same survey quoted in Problem 9, of the men interviewed, 20% had asked for a raise and 59% of the men who had asked for a raise received the raise. If a man is selected at random...

According to the same poll quoted in Problem 24, 53% of adults are concerned that Social Security numbers are used for general identification. For a group of eight adults selected at random, we used...

According to the same NCAA data, the means and standard deviations of eligibility and retention rates (based on a 1,000-point scale) for the 2010-2011 academic year follow, along with the scores for...

Attached is the Finance Homework and Articles used to answer the questions. Price is flexible. Just need decent non plagiarized answers The Intelligent Investor: How Huge Returns Mess With Your Mind...

Can you please explain me questions 6 and 7 under section 17.6? To be honest I did not understand why the true value of the firm before the repurchase is $3000. I would assume that it is $2500...

What factors should be considered in deciding whether the cost of capital for a foreign affiliateshould be higher, lower, or the same as the cost of capital for a comparable domestic operation?...

An individual has $45,000 invested in a stock with a beta of 0.5 and another $65,000 invested in a stock with a beta of 2.0. If these are the only two investments in her portfolio, what is her...

(Questions from Lecture and Article) - Discussion Board Activity I need to read the following Lecture Note and the ?Wall Street Journal? articles that I uploaded, and writeanswers for theDiscussion...

\fThis is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does...

***PLEASE READ THIS FIRST AND LEAVE SUGGESTIONS*** I just need the following 2 questions answered and help making the Fraud Risk Matrix for the 3rd . The answers for Questions 1 and 2 must be...

-2, 3.1, 1.2, -1.8, 0.5, 1 Graph all of the given numbers on one number line.

Consider the isothermal mixing of two ideal gases of unknown moles and unknown volumes. Which of the statements below are INCONSISTENT with this process? Consider the isothermal mixing of two ideal...

An investment that is worth $ 7 5 , 5 0 0 is expected to pay you $ 2 9 6 , 1 5 8 in 9 years and has an expected return of X percent per year. What is X ? Input instructions: Input your answer as the...

A randomly chosen group of 20,000 nonsmokers and one of 10,000 smokers were followed over a 10-year period. The following data relate the numbers of them that developed lung cancer during that...

Use the scatterplot to find the value of the rank correlation coefficient rs and the critical values corresponding to a 0.05 significance level used to test the null hypothesis of ps = 0. Determine...

The following table lists overall quality scores and prices of 40-inch LCD televisions. Do these data suggest that you can get better quality by spending more? Use the rank correlation coefficient to...

The following table lists overall quality scores and prices for a gallon of exterior paints. Do these data suggest that you can get better quality by spending more? Use the rank correlation...

I need answers with explanation We are interested in the mean age of a certain population. A random sample of 10 individuals drawn from the population of interest has a mean of 27. Assuming that the...

Great Wall Pizzeria issued 4-year bonds one year ago at a coupon rate of 5.8 percent. If the YTM on these bonds is 7.8 percent, what is the current bond price? (Do not round intermediate...

finish the code: Given integer spoonsRequested, output: "Full box", if the number of spoons is greater than or equal to 2 9 and less than or equal to 6 2 . "Jumbo box", if the number of spoons is...