Virtual Banks Are Those Banks That Are Dedicated Only to Internet

question 92

True/False

Virtual banks are those banks that are dedicated only to Internet transactions.

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Definitions:

Commuting Distance

The distance that an individual travels from their home to their place of work or study.

Parameter

A numerical characteristic or measure that describes and summarizes a whole population.

Statistic

is a single measure, calculated from sample data, used to infer or describe properties of a population.

Significance Level

A threshold for determining whether a statistical result is considered statistically significant, usually denoted by alpha (α).