You are given the following information obtained from a random sample of 5 observations taken from a large population.
Construct a 95% confidence interval for the mean of the population,assuming the population has a normal distribution.
Definitions:
Note Receivable
A financial asset representing a written promise for the repayment of a loan or debt within a specific timeframe.
Note Payable
A written promise to pay a specified amount of money, usually including interest, at a future date.
Bank Statement
A summary of financial transactions that occurred over a period of time on a bank account held by a person or business with a financial institution.
Depositor's Account
A banking account that holds funds deposited by an individual or entity.
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