A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected. What is the probability that the sample mean will be more than $306.60? 0.049 1 0.55 0.88 Answer Sample: n= Mean= SD= Probability[P(X>)]= z= Probability[P(Z)]= Graph
A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected. What is the probability that the sample mean will be more than $306.60? 0.049 1 0.55 0.88 Answer Sample: n= Mean= SD= Probability[P(X>)]= z= Probability[P(Z)]= Graph
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter14: Data Mining
Section14.2: Classification Methods
Problem 3P
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A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected.What is the probability that the sample mean will be more than $306.60?
0.049
1
0.55
0.88
Answer Sample: n= Mean= SD= Probability[P(X>)]= z= Probability[P(Z)]= Graph
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