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S&P 500 has the average return of 10.0% with a volatility of 22% between the...

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Finance

S&P 500 has the average return of 10.0% with a volatility of 22% between the years 1926 and 2014. Assuming its returns are drawn from an independent and identical distribution (IID) each year, find the 95% confidence interval for the expected return of the S&P 500 during this period.

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