A Federal Auditor for Nationally Chartered Banks from a Random

Multiple Choice

A federal auditor for nationally chartered banks from a random sample of 100 accounts found that the average demand deposit balance at the First National Bank of small town was $549.82.If the auditor needed a point estimate for the population mean for all accounts at this bank,what would she use?

A) The average of $54.98 for this sample.
B) The average of $549.82 for this sample.
C) There is no acceptable value available.
D) She would survey the total of all accounts and determine the mean.
E) Not enough information is given to answer this question.