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Find the Margin of Error $453.59<μ<$874.69\$ 453.59 < \mu < \$ 874.69

Question 95

Multiple Choice

Find the margin of error.
-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.


A) $453.59<μ<$874.69\$ 453.59 < \mu < \$ 874.69
B) $492.52<μ<$835.76\$ 492.52 < \mu < \$ 835.76
C) $455.65<μ<$872.63\$ 455.65 < \mu < \$ 872.63
D) $493.71<μ<$834.57\$ 493.71 < \mu < \$ 834.57

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