Multiple Choice
A bank wishes to estimate the mean balances owed by customers holding MasterCard. The population standard deviation is estimated to be $300. If a 98 percent confidence interval is used and an interval of $75 is desired, how many cardholders should be sampled?
A) 44
B) 212
C) 629
D) 87
Correct Answer:
Verified
Correct Answer:
Verified
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