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:

Arbitrage Activity

The practice of buying and selling equivalent assets in different markets to exploit price discrepancies for a risk-free profit.

Sentiment Indicator

A measure used to gauge the general sentiment of investors or consumers, often derived from surveys or market data.

Short Interest

The complete count of shares from a specific stock, which are currently short sold by investors and remain uncovered or unsettled.

Moving Average

A statistical technique used to smooth out short-term fluctuations and highlight longer-term trends in data, often used in stock market analysis.