Question

44) A financial institution wishes to estimate the mean balances owed by its credit card customers

44) A financial institution wishes to estimate the mean balances owed by its credit card customers. The population standard deviation is estimated to be $300. If a 98 percent confidence interval is used and an interval of ±$75 is desired, how many cardholders should be sampled?
A. 87
B. 62
C. 629
D. 3382

Solutions

Expert Solution
No answers


Submit Your Answer