Calculate the test statistic z


A study by a bank compared the average savings of customers who were depositors for three years or less, with those who had been depositors for more than three years. The results of a sample are:

< 3 Years > 3 Years
Mean Savings Balance $1,200 $1,250
Population Standard Deviation $100 $250
Sample Size 100 150

Calculate the test statistic, z.

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Basic Statistics: Calculate the test statistic z
Reference No:- TGS098187

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