Clearwater National Bank wants to compare the account checking practices by the customers at two of...

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Clearwater National Bank wants to compare the account checkingpractices by the customers at two of its branch banks – CherryGrove Branch and Beechmont Branch. A random sample of 28 and 22checking accounts is selected from these branches respectively. Thesample statistics are shown on the next slide

Cherry Grove                                Beechmont

n                                       28                                           22

x                                       $1025                                      $910

s                                        $150                                        $125

Let us develop a 99% confidenceinterval estimate of the difference between the population meanchecking account balances at the two branch banks.

Please, show work.

Answer & Explanation Solved by verified expert
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We need to construct the 99 confidence interval for thedifference between the population means 12 for the case thatthe population standard deviations are not known The    See Answer
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