A bank knows that its demand deposits are normally distributed with a mean of $1,122 and a

Question:

A bank knows that its demand deposits are normally distributed with a mean of $1,122 and a standard deviation of $393. A random sample of 100 deposits is taken.

(a) What is the probability that the sample mean will be greater than $1,000?

(b) Compute the mean of the sample mean demand deposits.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

See More Books

Question Posted: Feb 17, 2024 11:38 PM

See More Questions

can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
The diameters of Red Delicious apples in a certain orchard are normally distributed with a mean of 2.63 inches and a standard deviation of 0.25 inch. a. What percentage of the apples in this orchard...
ttth Suppose that the sequence of bags {Bn | n N} is recursively enumerated by the computable function e(n, x) = fn(x), [7 marks] Hence prove that the set of all recursive bags cannot be recursively...
What aspects of control must exist before a subsidiary is consolidated?
Here is the Book: "Financial mathematics" Chapter, "Time value of Money" 1. Navigate to the threaded discussion below and respond to the following prompts: a. Consider Example 5.7 on page 135 of your...
Mary owns an investment property from which she derives rent. Mary uses a low value pool which, at 30th of June 2020, had a balance of 52300. Mary also has an air conditioning unit that she had...
As a zero coupon approaches maturity, the discount __________.
A partial list of the accounts and ending account balances taken from the post closing trial balance of the Jordan Corporation on December 31, 2007 is shown as follows: Account Title Amount Retained...
Blackstone is planning to issues two types of 25 year non- callable bonds to raise a total of 6 million . first 3000 bonds with a 10% annual coupon rate will be sold at their 1000 par value to raise...
A company claims that its accounts receivable follow a normal distribution with a mean of $500 and a standard deviation of $75. An auditor will certify the banks claim only if the mean of a random...
Suppose 60 % of the members in a lifeguards union favor certification tests for lifeguards. If a random sample of 100 lifeguards is taken, what is probability that the sample proportion in favor of...
The element is subjected to the state of stress shown. If the material is machine steel having a yield stress of $\sigma_{Y}=750 \mathrm{MPa}$, determine the factor of safety with respect to...
1.A woman eats 65g of protein per day. She weighs 156 lbs. How much protein is she getting per kg of body weight? Explain briefly both question 2.152 lbs = ________________kg. [2.2 lbs = 1 kg] explain
The concrete slab shown in Figure is 7m x 5m. The slab is not supported along one of the 7m long edges (free edge). The other three edges are supported and continuous over the supports, and therefore...
1. If possible, find 4-B -[{3}][{3}] A=
Georgi owns 50% of Forbes, Inc., an S corporation. At the beginning of the current tax year, Georgi had zero basis and an unused net business loss carryover of $10,000. During the tax year, she...
luation, of Fundamental Managerial Accounting Concepts. Use Excelshowing all work and formulasto complete the following: Prepare a flexible budget. Compute the sales volume variance and the...
Let be the area of a tissue culture at time t and let M be the final area of the tissue when growth is complete. Most cell divisions occur on the periphery of the tissue and the number of cells on...
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
Do you think Watson will be as useful in other industries and disciplines as IBM hopes? Will it be beneficial to everyone? Explain your answer.
How did information technology change the game of baseball and America's Cup sailboat racing? Explain.
How did information technology affect decision making at Team USA and the Oakland Athletics? What kinds of decisions changed as the result of using computers?
3. The nominal interest rate compounded monthly when your $7,000 becomes $11,700 in eight years is ________
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard deviation of return of 39%. Stock B has an expected return of 14% and a...
Advanced Small Business Certifica Drag and Drop the highlighted items into the correct boxes depending on whether they increase or decrease Alex's stock basis. Note your answers- you'll need them for...

A bank knows that its demand deposits are normally distributed with a mean of $1,122 and a

Question:

Step by Step Answer:

Sample Mean of Demand Deposits Assumptions Demand deposits are normally distributed with a mean of 1...View the full answer

Statistics For Business And Financial Economics

Students also viewed these Business questions