Determine account balances is significantly different

Assignment Help Other Subject

Reference no: EM13111162

The sample of 81 account balances of credit company showed the average balance of $1,200 with sample standard deviation of $126. You want to find out if mean of all account balances is significantly different from $1,250. Use .05 level of significance.

Reference no: EM13111162

Questions Cloud

Write out the team business problem or research question : Obtain one (1) peer-reviewed (scholarly) article that is unique from your teammates, and relevant to the business problem or research question. Write out the team business problem or research question

Discount rate what is the present value of the bond round : A bond maturing in 10 years pays $50 semi-annually as well as $1,000 upon maturity. Assuming 10% per year compounded semi-annually

Discuss the changes to the optimal solution : Discuss the changes to the optimal solution (values of the variables and the profit) that would occur if the profit on x were increased to $15. Explain how would the optimal solution change if the profit on x were increased to $25?

Explain why would a organization regularly choose : Explain why would a organization regularly choose to be a second mover? Likewise, explain why would a organization purposefully be a late mover?

Determine account balances is significantly different : Ssample standard deviation of $126. You want to find out if mean of all account balances is significantly different from $1,250. Use .05 level of significance.

Illustrate what is a services cape : Illustrate what is a services cape? Explain how is it related to the retail layout problem? Illustrate what are the three elements of services cape for dealing with these human issues

What were the limits of goizueta''s strategy : What were the limits of Goizueta's strategy that persuaded his successor Daft, to shift away from it?

Determine if implementation has been successful : Explain how can you determine if implementation has been successful? Illustrate what conditions are necessary for a successful implementation effort?

A business organization means to develop a new e-commerce : A business organization means to develop a new e-commerce Web site to enable its customers to make online purchases of computers in a quicker as well as more efficient manner.

User Account

All Pages