A Sample of Customers from Barnsboro National Bank Shows an Average

question 15

Multiple Choice

A sample of customers from Barnsboro National Bank shows an average account balance of $315 with a standard deviation of $87. A sample of customers from Wellington Savings and Loan shows an average account balance of $8350 with a standard deviation of $1800. Which statement about account balances is correct?

• A)Barnsboro Bank has more variation.
• B)Wellington S&L has more variation.
• C)Both have the same variation. \(\overline { X ^ { * } }\) \(\overline { X ^ { * } }\)

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Definitions:

Marriage

A legally or formally recognized union of two people as partners in a personal relationship.

Opinions

Personal beliefs or judgments that are not necessarily based on fact or knowledge.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain datasets or conditions.

Independent Variable

A variable in an experiment that is manipulated to observe its effect on the dependent variable.