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A credit officer believes that monthly account balances are a different amount now than they were one year ago. The mean ofallaccount balances in the
A credit officer believes that monthly account balances are a different amount now than they were one year ago. The mean ofallaccount balances in the general population last year was $2,200. This year,a sample of 81 account balancesshows an average balance of $2,236 with a sample standard deviation of $135.
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