A Bank Wishes to Estimate the Mean Balances Owed by Customers

question 1

Multiple Choice

A bank wishes to estimate the mean balances owed by customers holding MasterCard. The population standard deviation is estimated to be $300. If a 98 percent confidence interval is used and an interval of $75 is desired, how many cardholders should be sampled?

• A) 44
• B) 212
• C) 629
• D) 87

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Post-modernism in the context of psychology and therapy challenges absolute truths, emphasizing the subjective nature of human experience and the importance of multiple perspectives.

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