Service charge for direct-deposit customers

Assignment Help Basic Statistics

Reference no: EM1393257

The following data represent the service charge for direct-deposit customers if a customer's account falls below the minimum required $1,500 balance for a sample of 26 banks.

12 8 5 5 6 6 10 10 9 7 10 7 7
5 0 10 6 9 12 0 5 10 8 5 5 9

a) Construct a 95% confidence interval for the population mean service charge if a customer's account falls below the $1,500 minimum

b) Explain in words what this confidence interval means.

Reference no: EM1393257

Questions Cloud

A code of ethics : Advocate Antonio believes that corporations should not only be held accountable for their financial states, but also for some level of charitable and community and civic involvement.

Find out the mean annual family medical expenses : A survey is planned to determine the mean annual family medical expenses of employees of a large company. The management of the company wishes to be 95% confident that the sample mean is correct to within plus-or-minus $50 of the population mean.

Create methods to use communication devices : Good deal of communications is now by these devices and we require to create methods to use communication devices as effective communication.

Indicate phenotypic ratio of the progeny : In humans, male pattern baldness is due to an autosomal locus where bald is dominant in males and recessive in females.

Service charge for direct-deposit customers : The following data represent the service charge for direct-deposit customers if a customer's account falls below the minimum required $1,500 balance for a sample of 26 banks.

Show transaction in a t-account : Show transaction in a T-account for the Bank of Bonzo and maximum loan possible from Fred's deposit to Clarice and show transaction in a new T-account.

The key drivers of demand in the hotel industry : The key drivers of demand in the hotel industry. The projected value of global travel over the next decade. The three fastest growing markets for visitors from the US

Explain computer etiquette for effective communication : Each day we should be careful to insure that personal information is not compromised. Computer etiquette is difficult for effective communication.

Interview with the planning manager : Interview with the planning manager - Conduct interview with one of the managers in our company and ask him the questions

User Account

All Pages