Description of this paper

STATS - Confidence Interval for the population mean

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solution


Question

Question;The following data represent the monthly service fee in dollars if a customer?s account falls below the minimum required $1,500 balance for a sample of 26 banks:12 8 5 5 6 6 10 10 9 7 10 7 7 5 0 10 6 9 12 0 5 10 8 5 5 6Construct a 99% confidence interval for the population mean monthly service fee in dollars if a customer?s account falls below the minimum required balance.

 

Paper#61682 | Written in 18-Jul-2015

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