Essay
(A) Find a 95% confidence interval for the mean account balance on this store's credit card (the t-multiple with 39 degrees of freedom is 2.0227).
(B) What sample size would be needed to ensure that we could estimate the true mean account balance and have only 5 chances in 100 of being off by more than $100?
Correct Answer:
Verified
(A)
n = 40, 
= 1250,...View Answer
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Correct Answer:
Verified
n = 40,
= 1250,...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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