Discuss Some of the Problems of Dealing with Archival Data

question 28

Essay

Discuss some of the problems of dealing with archival data, such as police records. Under what conditions would such data be preferable to performing an experiment?

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Definitions:

Outstanding Check

One that has been written but hasn’t yet cleared the bank and been charged to the customer’s account.

Adjusted Cash Balance

An amount reflecting the true cash balance after accounting for outstanding checks or deposits in transit.

Check Register

A check register is a record book used to track checks written, deposits made, and the current balance of a checking account.

Closed Account

A bank or credit account that has been terminated, either by the customer or the financial institution, often due to inactivity or zero balance.