Estimate the mean percentage increase in savings account


An increase in the rate of consumer savings frequently is tied to a lack of confidence in the economy and is said to be an indicator of a recessional tendency in the economy. A random sampling of = 200 savings accounts in a local community showed the mean increase in savings account values to be 7.2% over the past 12 months, with standard deviation 5.6%. Estimate the mean percentage increase in savings account values over the past 12 months for depositors in the community. Place a bound on your error of estimation.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Estimate the mean percentage increase in savings account
Reference No:- TGS01372339

Expected delivery within 24 Hours