Acount balances in order to make interval estimate of mean


A random sample of 121 checking accounts at a bank showed an average daily balance of $280. The population standard deviation is known to be $60. Is it necessary to know anything about the shape of the distribution of the account balances in order to make an interval estimate of the mean of all the account balances?

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Basic Statistics: Acount balances in order to make interval estimate of mean
Reference No:- TGS0111316

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