Analyze Data of Quantitative Variables A) $1278 Billion

question 18

Multiple Choice

Analyze data of quantitative variables.
-The following table shows total assets ($ billion) for a small sample of U.S. banks.
The standard deviation 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) $12.78 billion.
• B) $ 11.27 billion.
• C) $ 127.01 billion.
• D) $ 21.67 billion.
• E) $ 34 billion.

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Definitions:

Median

The middle value in a data set when the values are arranged in order, or average of the two middle values when there is an even number of observations.

Mean

The average value of a set of numbers, calculated by adding all the numbers together and dividing by the count of the numbers.

Categorical Data

Data that can be divided into specific groups or categories based on qualitative characteristics.

Variances

A measure of the dispersion indicating how far individual numbers in a dataset are from the mean.