Question: 6.21. Use the sample data provided to: a. Compute 90% and 99% confidence intervals for the total assets held in the bank by loan applicants.

6.21. Use the sample data provided to: a. Compute 90% and 99% confidence intervals for the total assets held in the bank by loan applicants. b. Explain the differences with regards to the width of the intervals as the level of confidence increases. Credit Risk Data POPULATION STD DEV UNKNOWN 3 90% 99% 5 6 Confidence Level Sample Mean Sample S.D. Sample Stre Alpha 9 10 t-value Upper Limit C.I. Lower Limit C.L. Loan Purpose Used Car Small Appliance New Car Furniture Small Appliance Education Furniture New Car New Car Small Appliance Small Appliance New Car New Car New Car Small Appliance New Car New Car Furniture Furniture Small Appliance Checking Savings Total Assets $0.00 $396.00 $395.00 $0.00 $10,853.00 $10,853.00 $0.00 $483.00 $483.00 $4,089.00 $0.00 $4,089.00 $0.00 $18,716,00 $18.716.00 $0.00 $3,105.00 $3,105.00 $0.00 $435.00 $435.00 $0.00 $509,00 $509.00 $0.00 $862.00 $862.00 $0.00 $325.00 $325.00 $795.00 $16,804.00 $17,599.00 $0.00 $389.00 $389.00 $0.00 $192.00 $192.00 $4,802.00 $0.00 $4,80200 $0.00 $364.00 $314.00 $0.00 $693.00 5693.00 $162.00 $595.00 $757.00 $0.00 $1.230.00 $1,230.00 5876.00 $1,533.00 $2.409.00 $0.00 $6,628.00 $6,628.00 12 13 14 15 16 17 18 19 20 21 22 23 24 Type your answer for part b in one sentence the below b 26 27

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