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A Basketball Coach Wants to Know How Many Free Throws

question 3

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A basketball coach wants to know how many free throws an NBA player shoots during the course of an average practice.The coach takes a random sample of 43 players and finds the average number of free throws shot per practice was 225 with a standard deviation of 35.Construct a 99% confidence interval for the average number of free throws in practice.


Definitions:

Holding-Period Return

The total return received from holding an asset or portfolio over a period of time, considering all sources of income and capital gains.

Capital Gains Yield

The price appreciation component of the total return on an investment, calculated as the rise in the investment's price divided by its initial price.

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its share price.

Real Rate of Return

The annual percentage return realized on an investment, adjusted for changes in prices due to inflation or other external factors.

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