Estimating the mean outstanding defaulted loans balance


A federal bank examiner is interested in estimating the mean outstanding defaulted loans balance of all defaulted loans over the last three years. A random sample of 20 defaulted loans yielded a mean of $67,918 with a standard deviation of $16,552.40. Calculate a 90% confidence interval for the mean balance of defaulted loans over the past three years.

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Basic Statistics: Estimating the mean outstanding defaulted loans balance
Reference No:- TGS0841609

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