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Home Q & A Board Science-Related Homework Help Mathematics
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stroman54 stroman54
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6 years ago
The banking industry has suffered in recent years because of a high default rate on energy-related loans. The standard deviation is 10,000 . How large a sample must you take from banking records to be 98 confident that your estimate for the amount of these defaults is within 1000 of the true mean loan amount?
 a. 567
  b. 233
  c. 240
  d. 543
  e. 890
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umass508umass508
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6 years ago
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stroman54 Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
djeghri
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Yesterday
Thanks
Tim0301
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2 hours ago
Good timing, thanks!
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