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. If instead of a 95% confidence interval, you were asked to calculate a 90% confidence interal, the confidence interval will be: O proader O narrower O same cannot be determined

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 14PPS
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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. If instead of a 95% confidence interval, you were asked to calculate a 90%
confidence inteval, the confidence interval will be:
O broader
O narrower
O same
O cannot be determined
Transcribed Image Text: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. If instead of a 95% confidence interval, you were asked to calculate a 90% confidence inteval, the confidence interval will be: O broader O narrower O same O cannot be determined
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