First Pacific Bank Has Determined That the Mean Checking Account

question 68

True/False

First Pacific Bank has determined that the mean checking account balance for all its customers is currently $743.50. Based on this, it is fair to say that about half the customers have balances exceeding $743.50.

---

Definitions:

Maintained

Kept in an existing state or preserved from failure or decline.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, in ascending order: physiological, safety, love/belonging, esteem, and self-actualization.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.