Solved

An Excel Printout of the Descriptive Measures of Daily Checking

Question 38

Short Answer

An Excel printout of the descriptive measures of daily checking account balances in dollars) of customers of First Daisy Bank is shown below. Develop a 95% confidence interval estimate for the mean of the population of the checking balances.
Account Balance Information
 Mean 4828.29 Median 5115.25 Mode 4976.50 Standard Deviation 1143.57 Sample Variance 1307763.49 Kuitosis 8.63 Skewness 3.06 Range 4968.50 Minimum 600.00 Maximum 5568.50 Sum 173818.50 Count 36.00\begin{array}{ll}\text { Mean } & 4828.29 \\\text { Median } & 5115.25 \\\text { Mode } & 4976.50\\\text { Standard Deviation } & 1143.57 \\\text { Sample Variance } & 1307763.49 \\\text { Kuitosis } & 8.63 \\\text { Skewness } & -3.06\\\text { Range } & 4968.50 \\\text { Minimum } & 600.00 \\\text { Maximum } & 5568.50 \\\text { Sum } & 173818.50 \\\text { Count } & 36 .00\end{array}

Correct Answer:

verifed

Verified

4441.382 t...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions