A Financial Consultant Wanted to Determine the Mean Annual Return

question 101

Short Answer

A financial consultant wanted to determine the mean annual return on Bond funds.A random sample of 60 returns shows a mean of 12%.If the population standard deviation is assumed to be 4%,estimate with 95% confidence the mean annual return on all Bond funds.

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Definitions:

Cohabitating Couples

Partners who live together in a committed relationship without being legally married.

Nonfamily Household

Living arrangements where individuals reside alone or with people to whom they are not related by blood, marriage, or adoption.

Children

are young human beings who are not yet fully mature, typically characterized by a stage of development that precedes adolescence and adulthood.

Marrying

The legal or formal joining of two people as partners in a personal relationship, recognized and sanctioned by law or cultural practice.