Credit card balances of all customers in a certain bank are right-skewed. To estimate the mean balance for all customers, a business statistics student has selected 49 customers and found out that their mean balance is AED 2850 and the sample standard deviation of AED 259. What is the margin of error for computing the 93% confidence interval for the populaton mean balance for all customers? Round your answer to three decimal places.
Credit card balances of all customers in a certain bank are right-skewed. To estimate the mean balance for all customers, a business statistics student has selected 49 customers and found out that their mean balance is AED 2850 and the sample standard deviation of AED 259. What is the margin of error for computing the 93% confidence interval for the populaton mean balance for all customers? Round your answer to three decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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