A ﬁnancial analyst wanted to determine the mean annual return on mutual 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 mutual funds.
A) 11.325% to 13.012%
B) 10.988% to 14.025%
C) 11.325% to 14.025%
D) 10.988% to 13.012%
E) 8% to 16%

Question

Quizplus · Accepted Answer

10.988% to 13.012%

A ﬁNancial Analyst Wanted to Determine the Mean Annual Return