Mathematics, 27.11.2019 21:31 MayFlowers
According to credit reporting agency experian, the population of consumer credit card holders carries an average credit card balance of $5500, with a standard deviation of $750. you plan to draw a random sample of 625 credit card holders from this population. a. what is the probability that the average credit card balance for the sample will be somewhere between $5450 and $5550? b. how likely is it that the average balance in the sample will be within +1 standard deviation (that is, £ 10x) of the population average? within 12 standard deviations? c. it is 95% likely that the sample average will be within =$ the population average.
Answers: 1
Mathematics, 21.06.2019 17:00, Tymere2011
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According to credit reporting agency experian, the population of consumer credit card holders carrie...
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