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A Federal Bank Examiner Is Interested in Estimating the Mean [66,48769,349][ 66,487 \quad 69,349 ]

Question 88

Multiple Choice

A federal bank examiner is interested in estimating the mean outstanding defaulted loans balance of all defaulted loans over the last three years.A random sample of 20 defaulted loans yielded a mean of $67,918 with a standard deviation of $16,552.40.Calculate a 90 percent confidence interval for the mean balance of defaulted loans over the past three years.


A) [66,48769,349][ 66,487 \quad 69,349 ]
B) [39,29996,537][ 39,299 \quad 96,537 ]
C) [57,32978,507][ 57,329 \quad 78,507 ]
D) [61,82974,007][ 61,829 \quad 74,007 ]
E) [61,519[ 61,519
74,317]74,317 ]

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