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Provide an Appropriate Response $686.75\$ 686.75 With a Standard Deviation Of $256.20\$ 256.20

Question 27

Multiple Choice

Provide an appropriate response.
-A local bank needs information concerning the savings account balances of its customers. A random sample of 15 accounts was checked. The mean balance was $686.75\$ 686.75 with a standard deviation of $256.20\$ 256.20 . Find a 98%98 \% confidence interval for the true mean. Assume that the account balances are normally distributed.


A) ($513.17,$860.33) ( \$ 513.17 , \$ 860.33 )
B) ($238.23,$326.41) ( \$ 238.23 , \$ 326.41 )
C) ($326.21,$437.90) ( \$ 326.21 , \$ 437.90 )
D) ($487.31,$563.80) ( \$ 487.31 , \$ 563.80 )

Correct Answer:

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