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1. Determine the mean and the standard deviation for the sample of 60 customers.

ID: 3219055 • Letter: 1

Question

1. Determine the mean and the standard deviation for the sample of 60 customers.

2.  Develop a 95 percent confidence interval for the proportion of customers using these cards

Balance

ATM

Services

Debit

Interest

City

1756

13

4

0

1

2

748

9

2

1

0

1

1501

10

1

0

0

1

1831

10

4

0

1

3

1622

14

6

0

1

4

1886

17

3

0

1

1

740

6

3

0

0

3

1593

10

8

1

0

1

1169

6

4

0

0

4

2125

18

6

0

0

2

1554

12

6

1

0

3

1474

12

7

1

0

1

1913

6

5

0

0

1

1218

10

3

1

0

1

1006

12

4

0

0

1

2215

20

3

1

0

4

137

7

2

0

0

3

167

5

4

0

0

4

343

7

2

0

0

1

2557

20

7

1

0

4

2276

15

4

1

0

3

1494

11

2

0

1

1

2144

17

3

0

0

3

1995

10

7

0

0

2

1053

8

4

1

0

3

1526

8

4

0

1

2

1120

8

6

1

0

3

1838

7

5

1

1

3

1746

11

2

0

0

2

1616

10

4

1

1

2

1958

6

2

1

0

2

634

2

7

1

0

4

580

4

1

0

0

1

1320

4

5

1

0

1

1675

6

7

1

0

2

789

8

4

0

0

4

1735

12

7

0

1

3

1784

11

5

0

0

1

1326

16

8

0

0

3

2051

14

4

1

0

4

1044

7

5

1

0

1

1885

10

6

1

1

2

1790

11

4

0

1

3

765

4

3

0

0

4

1645

6

9

0

1

4

32

2

0

0

0

3

1266

11

7

0

0

4

890

7

1

0

1

1

2204

14

5

0

0

2

2409

16

8

0

0

2

1338

14

4

1

0

2

2076

12

5

1

0

2

1708

13

3

1

0

1

2138

18

5

0

1

4

2375

12

4

0

0

2

1455

9

5

1

1

3

1487

8

4

1

0

4

1125

6

4

1

0

2

1989

12

3

0

1

2

2156

14

5

1

0

2

Balance

ATM

Services

Debit

Interest

City

1756

13

4

0

1

2

748

9

2

1

0

1

1501

10

1

0

0

1

1831

10

4

0

1

3

1622

14

6

0

1

4

1886

17

3

0

1

1

740

6

3

0

0

3

1593

10

8

1

0

1

1169

6

4

0

0

4

2125

18

6

0

0

2

1554

12

6

1

0

3

1474

12

7

1

0

1

1913

6

5

0

0

1

1218

10

3

1

0

1

1006

12

4

0

0

1

2215

20

3

1

0

4

137

7

2

0

0

3

167

5

4

0

0

4

343

7

2

0

0

1

2557

20

7

1

0

4

2276

15

4

1

0

3

1494

11

2

0

1

1

2144

17

3

0

0

3

1995

10

7

0

0

2

1053

8

4

1

0

3

1526

8

4

0

1

2

1120

8

6

1

0

3

1838

7

5

1

1

3

1746

11

2

0

0

2

1616

10

4

1

1

2

1958

6

2

1

0

2

634

2

7

1

0

4

580

4

1

0

0

1

1320

4

5

1

0

1

1675

6

7

1

0

2

789

8

4

0

0

4

1735

12

7

0

1

3

1784

11

5

0

0

1

1326

16

8

0

0

3

2051

14

4

1

0

4

1044

7

5

1

0

1

1885

10

6

1

1

2

1790

11

4

0

1

3

765

4

3

0

0

4

1645

6

9

0

1

4

32

2

0

0

0

3

1266

11

7

0

0

4

890

7

1

0

1

1

2204

14

5

0

0

2

2409

16

8

0

0

2

1338

14

4

1

0

2

2076

12

5

1

0

2

1708

13

3

1

0

1

2138

18

5

0

1

4

2375

12

4

0

0

2

1455

9

5

1

1

3

1487

8

4

1

0

4

1125

6

4

1

0

2

1989

12

3

0

1

2

2156

14

5

1

0

2

Explanation / Answer

1) We calculate the mean and standard deviation of the balance data which is given-

the mean comes out to be 1495.525 and variance 361288.2 we use var.s function in excel to calculate the var and average function to calculate the mean.

2) We find 95% CI is (1475.89,1515.16)