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
$\begin{array}{ll}\text { Mean } & 4828.29 \\\text { Median } & 5115.25 \\\text { Mode } & 4976.50\\\text { Standard Deviation } & 1143.57 \\\text { Sample Variance } & 1307763.49 \\\text { Kuitosis } & 8.63 \\\text { Skewness } & -3.06\\\text { Range } & 4968.50 \\\text { Minimum } & 600.00 \\\text { Maximum } & 5568.50 \\\text { Sum } & 173818.50 \\\text { Count } & 36 .00\end{array}$

---

Definitions:

Language Of Origin

The original language from which a word, phrase, or language itself has been derived.

Stipulative Definition

A stipulative definition is one that assigns a new or specific meaning to a word or phrase, for the purpose of argument or discussion.

Consuming

The act of using up or eating something; in economics, it refers to the purchase and use of goods and services by households.

Genus

In biology and taxonomy, genus refers to a rank used in the classification of organisms, grouping together species that share common characteristics.