Account balance for local customers

Assignment Help Basic Statistics
Reference no: EM131786472

A savings and loan association needs information concerning the checking account balances of its local customers. A random sample of 14 accounts was checked and yielded a mean balance of $664.14 and a standard deviation of $297.29. Find an appropriate (t or z) 95% confidence interval for the true mean checking account balance for local customers.

A) $508.41 < μ < $819.87
B) $492.49 < μ < $835.79
C) $453.59 < μ < $874.69
D) $493.71 < μ < $834.57
E) $451.47 < μ < $876.81

Reference no: EM131786472

Questions Cloud

What is the role of financial conduct authority : What is the role of Financial Conduct Authority (FCA) in the UK Financial institutions? Using appropriate examples assess the FCA's effectiveness
What is the amount of samuel inc net accounts receivable : Samuel, Inc. has Accounts Receivable of $240,000 and an Allowance for Doubtful Accounts of $14,000. What is the amount of its net accounts receivable?
Mean height of women in a country : The mean height of women in a country (ages 20-29) is 64.3 inches. A random sample of 70 women in this age group is selected.
What factors should mary consider in making his decision : Mary Giles participates in a flexible spending account (FSA) arrangement with her employer. What factors should Mary consider in making his decision?
Account balance for local customers : Find an appropriate (t or z) 95% confidence interval for the true mean checking account balance for local customers.
Compute the following tax consequences to usa corp : Compute the following tax consequences to USA Corp as a result of the dividend from Quebec Corporation
Was the study a controlled experiment or an observational : Assuming that the study was properly conducted, can we conclude that the early surgery caused the improvements? Explain.
Normally distributed with a standard deviation : Suppose that the incubation times are approximately normally distributed with a standard deviation of 1 day
How a decision can be considered a legitimate choice : Management discretion, earnings management and earning. DISCUSS how a decision can be considered a legitimate choice and how it can also be considered improper.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd