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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

Question 95

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The average checking account balance at a local bank is $1,742 with a standard deviation of $132.A random sample of 70 accounts is selected.
-What is the probability that the average balance for these accounts is less than $1,700?

Correct Answer:

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μ = 1742 and σ = 132...

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