Multiple Choice
A federal bank examiner is interested in estimating the mean outstanding defaulted loans balance of all defaulted loans over the last three years.A random sample of 20 defaulted loans yielded a mean of $67,918 with a standard deviation of $16,552.40.Calculate a 90 percent confidence interval for the mean balance of defaulted loans over the past three years.
A) [66,487,69,349]
B) [39,299,96,537]
C) [57,329,78,507]
D) [61,829,74,007]
E) [61,519,74,317]
Correct Answer:
Verified
Correct Answer:
Verified
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