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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%? |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain the central limit theorem and its importance for the distribution and standard error of the sample mean
CFA® 2025 Level I Curriculum, Volume 1, Module 7.