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Basic Question 11 of 11
An analyst wants to determine how growth managers performed last year. He assumes that the population cross-sectional standard deviation of growth manager return is 8%; the sample size selected is 40. Determine the standard error of the sample mean. Assume the returns are independent across managers:
B. 1.265
C. 1.600
A. 1.125
B. 1.265
C. 1.600
User Contributed Comments 3
| User | Comment |
|---|---|
| cleopatraliao | the unit is worth paying attention to |
| maryprz14 | so agree |
| gigi0818 | Why use 8 instead of 8%? |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
explain the central limit theorem and its importance for the distribution and standard error of the sample mean
CFA® 2024 Level I Curriculum, Volume 1, Module 7.