Examlex
Suppose a certain species bird has an average weight of grams. Based on previous studies, we can assume that the weights of these birds have a normal distribution with grams. Find the sample size necessary for a 95% confidence level with a maximal error of estimate for the mean weights of the hummingbirds.
Bank Account
An account held at a financial institution that allows for the deposit and withdrawal of money.
Annual Withdrawals
The amount of money that an individual withdraws from an investment or savings account each year.
Interest
The charge for borrowing money or the return earned on an investment, typically expressed as a percentage.
Years
A measurement of time consisting of 12 months or 365 days, used in financial calculations to determine periods.
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