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Question 25 The CEO of a large financial institution claims that, On average, their clients invest more than 15000 per year in a particular portfelio. To test this claim at 10%. Significance level if it was found that a over the last Sample of 19 clients in vested an average of R74.000 in the portfoli with a standard deviation of R1000. Determine the critical value of the test statistic. year, a) 2.33 b) 1.330 c) 2.552 1.645 1731

Question 25 The CEO of a large financial institution claims that, On average, their clients invest more than 15000 per year in a particular portfelio. To test this claim at 10%. Significance level if it was found that a over the last Sample of 19 clients in vested an average of R74.000 in the portfoli with a standard deviation of R1000. Determine the critical value of the test statistic. year, a) 2.33 b) 1.330 c) 2.552 1.645 1731

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.3: Special Probability Density Functions
Problem 7E
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il.com il.com Question 25 The CEO of large financial institution claims that, On average, their clients invest more than R15 000 per year in a particular portfolio. To test this claim at 107. Significance level if it was found that a 19 clients in vested an average of R74.000 in the portfolio Sample of over the last with year, Determine the critical value a standard deviation of R1000. of the test statistic. a) 2.33 b) 1.330 c) 2.552 d) 1.645 9) 1.734
Transcribed Image Text:il.com il.com Question 25 The CEO of large financial institution claims that, On average, their clients invest more than R15 000 per year in a particular portfolio. To test this claim at 107. Significance level if it was found that a 19 clients in vested an average of R74.000 in the portfolio Sample of over the last with year, Determine the critical value a standard deviation of R1000. of the test statistic. a) 2.33 b) 1.330 c) 2.552 d) 1.645 9) 1.734
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