A construction engineer collected data from some construction sites on the quantity of gravel (in metric tons) used in mixing concrete. The quantity of gravel for 24 sites were found to have a sample mean of 5818 tons and a variance of 2697 tons. Determine the estimated standard error, along with the interval estimate of the population mean with 90%confidence.(Assume the sample mean has a normal distribution)

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step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%