A Random Sample of 81 Children with Working Mothers Showed

question 111

Short Answer

A random sample of 81 children with working mothers showed that they were absent from school an average of 6 days per term with a standard deviation of 1.8 days. Provide a 95% confidence interval for the average number of days absent per term for all the children.

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Definitions:

Components

The individual parts or elements that make up a larger object or system.

Borrowed Reserves

Funds that commercial banks borrow from the central bank, often used to meet reserve requirements or to manage liquidity.

Federal Reserve System

The principal banking organization in the United States tasked with handling monetary policy.

Federal Funds Market

A financial market that allows banks to borrow or lend reserves overnight to meet reserve requirements.