According to Wine-Searcher, wine critics generally use a wine-scoring scale to communicate their opinions on the relative qualit
y of wines. Wine scores range from to , with a score of indicating a great wine, indicating an outstanding wine, indicating a very good wine, indicating a good wine, indicating a mediocre wine, and below indicating that the wine is not recommended. Random ratings of a pinot noir recently produced by a newly established vineyard in follow: 87 91 86 82 72 91
60 77 80 79 83 96
Required:
a. Develop a point estimate of mean wine score for this pinot noir (to decimals).
b. Develop a point estimate of the standard deviation for wine scores received by this pinot noir (to decimals).
<span>The geometric average return is the the nth root of the product of the stock returns.
So we have nâš r1 * r2 * r3. Where n is the number of returns.
So we have 4âš(14.5 * 4.8 * 10.2 * 6 1)
This gives us 4âš ( 4330.512)
The fourth root of 4330.512 is 8.1121 percent.</span>