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A Bank Needs Information Concerning the Checking Account Balances of Its

Question 54

Multiple Choice

A bank 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) ($492.52,$835.76)
B) ($493.71,$834.57)
C) ($455.65,$872.63)
D) ($453.56,$874.72)
E) ($455.65,$835.76)

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