Pankaj Kumar

A bank executive assigns a now employee the task of calculating the 95%% confidence Interval for the average outstanding balance on vehicle loans "owned" by the bank. The analyst begins with a sample of 40 loans which yields a point estimate of $10.090 and a standard deviation $1,500. The lower limit of the interval is $9,519.86 and the upper limit is $10,480.14. What does this mean (217 Write your answer in the box