B. What is the margin of error for this interval? Answer A through B on question
ID: 3369949 • Letter: B
Question
B. What is the margin of error for this interval? Answer A through B on question #1Question #2 Question #3
Question #4
Question #5
Please answer all the questions from 1 through 5 Thank you Banking fees have received much attention during the recent economic recession as banks look for ways to recover from the crisis. A sample of 38 customers paisd an Complete parts a and b below average fee of $12.69 per month on their interest-bearing checking accounts. Assume the population standard deviation is $1.72 a. Construct a 99% confidence interval to estimate the average fee for the population. The 99% confidence interval has a lower limit of S and an upper limit of $? Round to the nearest cent as needed.)
Explanation / Answer
1) 99% Confidence intervel: 11.97129 < µ < 13.40871
2) Correct answer: option (B) Yes, 95% Confidence interval: 162.3543 < µ < 191.6457
3) Correct answer: Option (A) No. 95% Confidence interval: 473.031 < µ < 497.569
4) 97% Confidence interval: 36.88453 < µ < 45.17547
5) 95% Confidence interval: 28.51078 < µ < 30.48922
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.