A study of 133 investmen managers revealed the following make an inference about the population of all investment managers concerning the average return expected on equities over the next 12 months for equities was 11.2%. 21% selected health care as the sector most likely to lead the market in the next 12 months.

When asked to estimate how long it would take for technology and telecom stocks to resume sustainable growth, the managers’ average response was 2.5 years.
a. Cite two descriptive statistics.
b. Make an inference about the population of all investment managers concerning the average return expected on equities over the next 12 months.
c. Make an inference about the length of time it will take for technology and telecom stocks to resume sustainable growth.

(A.)

21% selected health care as the sector most likely to lead the market in the next 12 months.

47% of managers classified themselves as bullish or very bullish on the stock market.

(B.)

The average return expected on equities over the next 12 months for equities was 11.2% for the population of investment managers.

(C.)

The length of time it will take for technology and telecom stocks to resume sustainable growth is estimated to be about 2.5 years by investment managers.

Step-by-step explanation:

Descriptive statistics gives a quantitative evaluation of particular scenario or information.

Here, the percentage of people who selected health care to lead the market in the next 12 months and the the percentage of managers who classified themselves as bullish or very bullish are examples of descriptive statistics.

The inference Given in the problem is about all investment managers, which is the population mean.

And the lengtb of time it will take for technology and telecom stocks to resume sustainable growth is estimated to be about 2.5 years by investment managers.

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step-by-step explanation: