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Need help with parts A-D. A) Based on these randomly sampled?accounts, what is the best point estimate of the true mean quarterly spending for credit
Need help with parts A-D.
A) Based on these randomly sampled?accounts, what is the best point estimate of the true mean quarterly spending for credit card account?holders?
B) f the bank is interested in developing a 99?% confidence interval estimate of mean quarterly?spending, what distribution will be used to obtain the critical?value?
C) Determine the standard error of the sampling distribution.
D) Construct the 99?% confidence interval estimate for the population mean of quarterly credit card spending for the?bank's customers.
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