A bank knows that its demand deposits are normally distributed with a mean of $1,122 and a

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A bank knows that its demand deposits are normally distributed with a mean of $1,122 and a standard deviation of $393. A random sample of 100 deposits is taken.

(a) What is the probability that the sample mean will be greater than $1,000?

(b) Compute the mean of the sample mean demand deposits.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 17, 2024 11:38 PM

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A bank knows that its demand deposits are normally distributed with a mean of $1,122 and a

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Sample Mean of Demand Deposits Assumptions Demand deposits are normally distributed with a mean of 1...View the full answer

Statistics For Business And Financial Economics

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