Check 21 Is a Law That Allows Merchants to Scan

question 76

True/False

Check 21 is a law that allows merchants to scan digital copies of checks to the bank instead of remitting the actual check.

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Definitions:

Population Variance

A measure of the dispersion of a set of data points in a population from their mean value, representing how spread out the population values are.

Unbiased Estimator

A statistical estimator whose expected value equals the true value of the parameter it estimates.

Sample Mean

The arithmetic average of a set of sample values, used as an estimate of the population mean.

Population Mean

The average value of a characteristic in the entire population of interest.