A credit union took a random sample of 40 accounts and yielded the following confidence interval for the mean checking account balance at the institution: (balance) .
A) If we took random samples of checking accounts at this credit union, about nine out of ten of them would produce this confidence interval.
B) We are confident that the mean checking account balance at this credit union is between and , based on this sample.
C) We are confident that the mean checking account balance in the U.S. is between and \$3828.
D) About 9 out of 10 people have a checking account balance between and .
E) We are sure that the mean balance for checking accounts in the sample was between and \$3828
Correct Answer:
Verified
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