An Excel Printout of the Descriptive Measures of Daily Checking

question 38

Short Answer

An Excel printout of the descriptive measures of daily checking account balances in dollars) of customers of First Daisy Bank is shown below. Develop a 95% confidence interval estimate for the mean of the population of the checking balances.
Account Balance Information
$\begin{array}{ll}\text { Mean } & 4828.29 \\\text { Median } & 5115.25 \\\text { Mode } & 4976.50\\\text { Standard Deviation } & 1143.57 \\\text { Sample Variance } & 1307763.49 \\\text { Kuitosis } & 8.63 \\\text { Skewness } & -3.06\\\text { Range } & 4968.50 \\\text { Minimum } & 600.00 \\\text { Maximum } & 5568.50 \\\text { Sum } & 173818.50 \\\text { Count } & 36 .00\end{array}$

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Definitions:

Rebuilding Trust

The process of regaining confidence and reliability in a relationship, organization, or system after it has been damaged or broken.

Brand Equity

The value and strength of a brand that determines its worth, based on consumer's perceptions, recognition, and loyalty.

Loyal Customers

Consumers who repeatedly purchase goods or services from the same business due to satisfaction, convenience, or value.

Recognizable Goods

Products that are easily identified by consumers due to their distinct characteristics, branding, or reputation in the marketplace.