suppose the national bank of commerce has excess reserves of 8000 and outstanding checkable deposits and 150000 if the reserve r
1 answer:
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Missing data can found here https://www.dropbox.com/s/u5t2sjj7pglu7iw/CIData%20%281%29.txt?dl=0
The first step is to calculate the mean of the data provided.
k is a number of points in our data set.
The mean for our data set is
.
Now we need to find the range associated with confidence level required.
Z score associated with a confidence level of 80% percent is 1.28.
We know that our range has to be
in order for us to be 80% confident in our result. As the confidence level rises z score associated with it also rises. This makes sense because the broader your range is more confident you are that measurement will fall within that range.
The final answer would be:
The first step is to calculate the mean of the data provided.
k is a number of points in our data set.
The mean for our data set is
Now we need to find the range associated with confidence level required.
Z score associated with a confidence level of 80% percent is 1.28.
We know that our range has to be
The final answer would be:
Answer:
Check the explanation
Explanation:
The raw material that was used during the month is calculated by adding beginning inventory with purchases and deducting the ending inventory from it.
Here from the below equation, only the purchase are not given, so we put the figures in the formulas and get the amount of purchases.
The beginning and ending balance are also given only purchases are rising, which can be calculated as given above.
Kindly check the workings in the attached image below.
