A Check Drawn by a Credit Union on Its Account

question 57

Multiple Choice

A check drawn by a credit union on its account at a federally insured bank would be an example of a:

• A)cashier's check.
• B)teller's check.
• C)counter check.
• D)traveler's check.

---

Definitions:

Sampling Variability

The natural variation in sample statistics from one sample to another if the experiment or survey were repeated under the same conditions.

Durbin-Watson D Statistic

Utilized in analyzing the extent of autocorrelation in the residuals from regression models, specifically focusing on serial correlation.

Normality

The condition of conforming to a normal distribution, characterized by data that plots as a bell-shaped curve.

Durbin-Watson Statistic

A measure used in statistics to detect the presence of autocorrelation at lag 1 in the residuals from a regression analysis.