A survey of 131 investment managers in Barron’s Big Money poll revealed the following:
• 43% of managers classified themselves as bullish or very bullish on the stock market.
• The average expected return 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.

Questions 9-10. use the table of educational expenditures to answer the questions. k-12 education expenditures population indiana $9.97 billion 6.6 million illinois $28.54 billion 12.9 million kentucky $6.58 billion 4.4 million michigan $16.85 billion 9.9 million ohio $20.23 billion 11.6million 9. if the amount of k-12 education expenses in indiana were proportional to those in ohio, what would have been the expected value of k-12 expenditures in indiana? (give the answer in billions rounded to the nearest hundredth) 10. use the value of k-12 education expenditures in michigan as a proportion of the population in michigan to estimate what the value of k-12 education expenses would be in illinois. a) find the expected value of k-12 expenditures in illinois if illinois were proportional to michigan. (give the answer in billions rounded to the nearest hundredth) b) how does this compare to the actual value for k-12 expenditures in illinois? (lower, higher, same? )