Question: Hello) Will be grateful to you for answering this question from Business Statistics I course. Initial public offerings (IPOs) of stocks are on average underpriced.

Hello) Will be grateful to you for answering this question from Business Statistics I course.

Initial public offerings (IPOs) of stocks 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.

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