To Estimate the Mean Earnings Forecast for a Large Company

question 114

Short Answer

To estimate the mean earnings forecast for a large company, an investor looked up earnings forecasts from six financial analysts. The six forecasts he found were 200, 220, 300, 185, 210, and 210 (in millions). Suppose the investor knows the population standard deviation is 25 million. Calculate a 95% confidence interval of the population mean earnings forecast.

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Definitions:

Left Shoulder

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Disorder characterized by abnormal rarefaction of bone, occurring most frequently in postmenopausal women, sedentary or immobilized individuals, and patients on long-term steroid therapy.