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A coach uses a new technique in training middle distance runners.The times for 9 different athletes to run 800 metres before and after this training are shown below.
Construct a 99% confidence interval for the mean difference of the "before" minus "after" times if
(before - after) = 1.222 and
= 1.826
Required Reserves
The minimum amount of reserves that banks are required to hold by law, as a safeguard against bank runs.
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Bank account balances that can be withdrawn on demand without any notice, such as in checking accounts.
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Price Level
A measure of the average prices of goods and services in an economy at a given time.
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