A random sample of 26 checking accounts at a bank showed an average daily balance of $300 and a standard deviation of $45. The balances of all checking accounts at the bank are normally distributed. Develop a 95% confidence interval estimate for the mean of the population.

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The Answer of A random sample of 26 checking accounts at a bank showed an average daily balance of $300 and a standard deviation of $45. The balances of all checking accounts at the bank are normally distributed. Develop a 95% confidence interval estimate for the mean of the population.

A Random Sample of 26 Checking Accounts at a Bank