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Q.5.3 The CEO of a large financial institution claims that, on average, their clients invest more than R75 000 per year
Posted: Sun Oct 03, 2021 11:03 am
by answerhappygod
- Q 5 3 The Ceo Of A Large Financial Institution Claims That On Average Their Clients Invest More Than R75 000 Per Year 1 (22.17 KiB) Viewed 101 times
Q.5.3 The CEO of a large financial institution claims that, on average, their clients invest more than R75 000 per year in a particular portfolio. Test this claim at the 1% significance level if it was found that a sample of 19 clients invested an average of R74 000 in the portfolio over the last year, with a standard deviation of R7 000.