Author Question: The following data represent a random sample of bank balances for a population of checking account ... (Read 54 times)

Garrulous · **on:** Jun 24, 2018

The following data represent a random sample of bank balances for a population of checking account customers at a large eastern bank.

Based on these data, what is the 95 percent confidence interval estimate for the true population mean?2,300 756 325 1,457 208 2,3451,560 124 356 3,179 457 789120 2,760 998 508 210 789A) Approximately 1,069 484.41
B) About 839.40 to 1,298.60
C) Approximately 1,069 2.1098
D) None of the above

Question 2

If the mean age for all students that attend your university is 24.78 years,

it would be reasonable to expect that the mean of a sample of students selected from that population would also equal 24.78 years as long at the sampling is done using sound statistical methods.
Indicate whether the statement is true or false