ACH Payments Can Be Made Using the Routing and Account

question 28

True/False

ACH payments can be made using the routing and account number and are processed at banks like regular checks.

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Definitions:

Normal Probability Plot

A graphical tool used to determine if a dataset approximates a normal distribution, plotting observed values against theoretically expected values.

Sum of Squares for Error SSE

A measure used in statistical analysis to quantify the discrepancy between the observed and expected values, indicating the error in a regression model.

Standard Error of Estimate

A measure of the accuracy of predictions made with a regression line, representing the average distance that the observed values fall from the regression line.

Poor Fit

Indicates that a statistical model does not adequately capture the observed data or relationships among variables.