MAS202_-_SU_2024_-_FE_2379.webp
JimmyNguyen

MAS202_-_SU_2024_-_FE_2379.webp

(Choose 1 answer)
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 a 98% confidence interval for the true mean checking account balance for local customers. Assume that the population has a normal distribution.
Α. ($493.71: $834.57)
Β. ($453.59:$874.69)
C. ($492.52: $835.76)
D. ($455.65: $872.63)
E. None of the other choices is correct
Let 20.01 2.33 and 10.01.13 = 2.65

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