Analyze Data of Quantitative Variables A) $ 8025 Billion

question 1

Multiple Choice

Analyze data of quantitative variables.
-The following table shows total assets ($ billion) for a small sample of U.S. banks.
The mean for these data is $$\begin{array} { | l | l | } \hline { \text { BANK } } & \text { ASSETS (\$ billion) } \\\hline \text { Bank of New York } & 88 \\\hline \text { Regions Financial } & 80 \\\hline \text { Fifth Third Bank } & 58 \\\hline \text { State Street Bank and Trust } & 92 \\\hline \text { Branch Banking and Trust Company } & 81 \\\hline \text { Chase Bank } & 70 \\\hline \text { Key Bank } & 89 \\\hline \text { PNC Bank } & 84 \\\hline\end{array}$$

• A) $ 80.25 billion.
• B) $ 100.35 billion.
• C) $ 75.68 billion.
• D) $ 84 billion.
• E) $ 89 billion.

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Definitions:

Significance Level

A threshold in hypothesis testing used to determine if the null hypothesis should be rejected, commonly denoted as alpha (α).

Estimates

Approximations or predictions of unknown values based on available data.

Treatments

In experimental design, interventions applied to different groups in a study to observe their effects on outcomes.

Levels

Distinct values or categories that an experimental or categorical variable can take in research or statistical analysis.