The average customer of the Halifax bank in Britain (of whom there are 7.6 million) received $3,600
Question:
The average customer of the Halifax bank in Britain (of whom there are 7.6 million) received $3,600 when the institution changed from a building society to a bank. If this is based on a random sample of 500 customers with standard deviation = $800, give a 95% confidence interval for the average amount paid to any of the 7.6 million bank customers.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
n 500 s 800 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
Question Posted:
Students also viewed these Statistics questions
-
A political poll based on a random sample of 1000 likely voters classified them by sex and asked them if they planned to vote for Candidate A or Candidate B in the upcoming election. Results are...
-
Based on a random sample of 84 students taken at Williams College, the table shows how many had their birthday in the first, second, third, or fourth quarter of the year. Is there evidence that the...
-
The following information is based on independent random samples taken from two normally distributed populations having equal variances: Based on the sample information, determine the 90% confidence...
-
The Secretary of Defense shall establish which program to maintain liaison with industry advisory groups to coordinate the development of the supply catalog?
-
Predict what will happen to the equilibrium price and quantity of oranges if the following events take place. (L03) a. A study finds that a daily glass of orange juice reduces the risk of heart...
-
The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Instructions Refer to these...
-
Develop an argument for the implementation of an HRIS using a risk reduction strategy and an organizational enhancement strategy.
-
Responsibility for the fixed cost volume variance Ragan Company expected to sell 400,000 of its pagers during 2011. It set the standard sales price for the pager at $30 each. During June, it became...
-
Salvador Industries bought land and built its plant 20 years ago. The depreciation on the building is calculated using the straight-line method, with a life of 30 years and a salvage value of $52.000...
-
Suppose you go to the grocery store and spend $61.85 for the purchase of 14 items. What is the mean price per item?
-
Sony's new optical disk system prototype tested and claimed to be able to record an average of 1.2 hours of high-definition TV. Assume n = 10 trials and = 0.2 hour. Give a 90% confidence interval.
-
Fin Aid is a new, free Web site that helps people obtain information on 180,000 college tuition aid awards. A random sample of 500 such awards revealed that 368 were granted for reasons other than...
-
The following classical curves have been studied by generations of mathematicians. Use analytical methods (including implicit differentiation) and a graphing utility to graph the curves. Include as...
-
(a) How much gravitational potential energy does a system comprising a \(100 \mathrm{~kg}\) object and Earth have if the object is one Earth radius above the ground? (b) How fast would a...
-
Fill in the blanks to make the following statements correct. a. With the addition of government and foreign trade to our simple macro model, the marginal propensity to spend out of national income is...
-
Fill in the blanks to make the following statements correct. a. On a graph with Y on the vertical axis and X on the horizontal axis, the slope of a straight line is calculated as ___________. b. In...
-
The asteroid known as Toro has a radius of about \(5.0 \mathrm{~km}\) and a mass of \(2.0 \times 10^{15} \mathrm{~kg}\). Could a \(70-\mathrm{kg}\) person standing on its surface jump free of Toro?
-
Over time, as the financial system expands and develops additional sources of financing for small to medium-sized firms, such as asset-backed securities, would the bank lending channel become more or...
-
The observations in Review Questions 36 were all made between 10 a.m. and 3 p.m. on Mondays, Wednesdays, and Fridays. Do you think that is important to report in the study? Why? How might this...
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
Listed below are head injury measurements from small cars that were tested in crashes. The measurements are in hic, which is a measurement of a standard head injury criterion. The data are from Data...
-
Tests of Child Booster Seats The National Highway Traffic Safety Administration conducted crash tests of child booster seats for cars. Listed below are results from those tests, with the measurements...
-
Listed below are the gross amounts (in millions of dollars) earned in box office receipts for the movie Harry Potter and the Half-Blood Prince. The movie opened on a Wednesday, and the amounts are...
-
Company name is Walmart, Inc. here is the link https://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416923000020/wmt-20230131.htm Overview 1. The financial statements for your company are...
-
Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the United States earns $54,000 and pays an average tax rate of 15 percent. Required: a. If the income...
-
Best Solutions is a retail merchandiser selling computer equipment. Best uses the gross method of accounting for inventory purchases and sales, a perpetual inventory system with LIFO inventory...
Study smarter with the SolutionInn App