The banking crisis of 2008 is quite interesting to analyze. The factors that led to this near banking collapse are intriguing to
say the least. In this exercise you will be evaluating the factors that led up to the crisis and determining which ones could have created this scenario.
There is no simple answer to what led to the banking crisis, as there were many factors that contributed over a long period of time. Understanding the factors that led to the crisis is very important, as such an understanding will help regulators prevent similar situations in the future.
Please analyze the factors that are given to determine which ones could have potentially worked together to have created the banking crisis of 2008, and then place each factor in the category of either “Major Contributor” or “Little or No Contribution.”
There is no simple answer to what led to the banking crisis, as there were many factors that contributed over a long period of time. Understanding the factors that led to the crisis is very important, as such an understanding will help regulators prevent similar situations in the future.
Please analyze the factors that are given to determine which ones could have potentially worked together to have created the banking crisis of 2008, and then place each factor in the category of either “Major Contributor” or “Little or No Contribution.”
1 answer:
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Error in true mean = +/-Z*
Where; Z=2.58 at 99% confidence interval, s= sd = 0.25 hours, n=sample population = 60 refrigerators
Therefore;
Margin of error = +/-2.58*
= 0.0832 hours
Where; Z=2.58 at 99% confidence interval, s= sd = 0.25 hours, n=sample population = 60 refrigerators
Therefore;
Margin of error = +/-2.58*