What is an interpretation of a 96 percent confidence level, Basic Statistics

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What is an interpretation of a 96 percent confidence level

Draw a sample size from normal distribution.

1. A bank wishes to estimate the mean balances owed by customers holding MasterCard's. The population standard deviation is estimated to be $3.00. If a 98 percent confidence interval is used and an interval of $75 is desired, how a lot of cardholders should be sampled?

2. For a given confidence interval, what is an interpretation of a 96 percent confidence level?

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Basic Statistics: What is an interpretation of a 96 percent confidence level

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Basic Statistics: What is an interpretation of a 96 percent confidence level

Reference No:- TGS019899

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Recent Questions Asked Basic Statistics

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Q : What is the 95 percent interval for the population mean

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is an interpretation of a 96 percent confidence level

Reference No:- TGS019899

Recent Questions Asked Basic Statistics

Q : Cash conversion cycle

Q : Explain test for a single population proportion

Q : Define critical value for one sample t-test

Q : What is the interval approximation for the population

Q : What is an interpretation of a 96 percent confidence level

Q : Solving afn equation

Q : What is the best estimate of the average tread

Q : Calculating liquidity and pure loss ratio by unadjusted data

Q : What is the 95 percent interval for the population mean

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