Examlex
It is believed that the number of drivers who are ticketed for speeding on a particular stretch of highway is a Poisson distribution with a mean of 3.5 per hour.A random sample of 100 hours is selected with the following results:
Given this information,and without regard to whether there is a need to combine cells due to expected cell frequencies,the critical value for testing whether the distribution is Poisson with a mean of 3.5 per hour at an alpha level of .05 is x2 = 15.5073.
Bank Service Charge
Fees charged by banks for account services provided, including monthly maintenance, transactions exceeding a certain limit, or ATM usage outside the network.
NSF Cheque
A cheque that cannot be processed because the account it is drawn on does not have sufficient funds, standing for "Non-Sufficient Funds."
Outstanding Cheques
Checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.
Balance Per Bank
It represents the amount of money in a company’s bank account, according to the bank's records.
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