Stats Solutions

[Steps Shown] A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with

Question: A bank has kept records of the checking balances of its customers and determined that the average daily balance of its customers is $300 with a standard deviation of $48. A random sample of 144 checking accounts is selected.

  1. What is the probability that the sample mean will be more than $306,60?
  2. What is the probability that the sample mean will be less than $308?
  3. What is the probability that the sample mean will be between $302 and $308?
  4. What is the probability that the sample mean will be at least $296?

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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