Hoover is an excellent source of business information. It includes daily summaries as well as information about various industries and specific companies. Go to the site at www.hoovers.com.Click on Browse Industries, select an industry sector, such as Financial Services. This should give you a list of companies. Use a table of random numbers, such as Appendix E, to randomly select 5 to 10 companies in the list. For each company, click on the Financials tab to get information about the selected companies. One suggestion is to find the earnings per share. Compute the mean of each sample, and then develop a confidence interval for the mean earnings per share. Because the sample is a large part of the population, you will want to include the correction factor. Interpret the result.
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