An online stock trading company makes part of their revenue from clients when th
ID: 2505392 • Letter: A
Question
An online stock trading company makes part of their revenue from clients when the clients trade stocks therefore, it is important to the company to have an good idea of how many trades its clients are making in a given year. In a sample of 109 clients of an online stock trading company, the average number of trades per year was 57 with a standard deviation of 18. Find the LOWER bound of the 95% confidence level of the average number of trades the company An online stock trading company makes part of their revenue from clients when the clients trade stocks therefore, it is important to the company to have an good idea of how many trades its clients are making in a given year. In a sample of 109 clients of an online stock trading company, the average number of trades per year was 57 with a standard deviation of 18. Find the LOWER bound of the 95% confidence level of the average number of trades the companyExplanation / Answer
An online stock trading company makes part of their revenue from clients when the clients trade stocks therefore, it is important to the company to have an good idea of how many trades its clients are making in a given year. In a sample of 109 clients of an online stock trading company, the average number of trades per year was 57 with a standard deviation of 18. Find the LOWER bound of the 95% confidence level of the average number of trades the company
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