The CEO of a large financial institution claims that, on average, their clients invest more than R95 000 per year in a particular portfolio. Test this claim at the 10% significance level if it was found that a sample of 26 clients invested an average of R94 000 in the portfolio over the last year, with a standard deviation of R11 000.
The CEO of a large financial institution claims that, on average, their clients invest more than R95 000 per year in a particular portfolio. Test this claim at the 10% significance level if it was found that a sample of 26 clients invested an average of R94 000 in the portfolio over the last year, with a standard deviation of R11 000.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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The CEO of a large financial institution claims that, on average, their clients
invest more than R95 000 per year in a particular portfolio. Test this claim at
the 10% significance level if it was found that a sample of 26 clients invested an average of R94 000 in the portfolio over the last year, with a standard
deviation of R11 000.
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