A Federal Bank Examiner Is Interested in Estimating the Mean $[ 66,487 \quad 69,349 ]$

question 29

Multiple Choice

A federal bank examiner is interested in estimating the mean outstanding defaulted loans balance of all defaulted loans over the last three years.A random sample of 20 defaulted loans yielded a mean of $67,918 with a standard deviation of $16,552.40.Calculate a 90 percent confidence interval for the mean balance of defaulted loans over the past three years.

• A) \([ 66,487 \quad 69,349 ]\)
• B) \([ 39,299 \quad 96,537 ]\)
• C) \([ 57,329 \quad 78,507 ]\)
• D) \([ 61,829 \quad 74,007 ]\)
• E) \([ 61,519\)
• \(74,317 ]\)

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