Consumer Confidence An increase in the rate ofconsumer
Chapter 8, Problem 17(choose chapter or problem)
Consumer Confidence An increase in the rate ofconsumer savings is frequently tied to a lack of confidence in the economy and is said to be an indicator of a recessionaltendency in the economy. A random sampling ofn 200 savings accounts in a local community showed amean increase in savings account values of 7.2% over thepast 12 months, with a standard deviation of 5.6%. Estimatethe mean percent increase in savings account valuesover the past 12 months for depositors in the community.Find the margin of error for your estimate.
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