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The highway patrol is interested in determining the average speed of automobiles traveling on I-75 between Chattanooga and Atlanta. To accomplish this task, the speed of every tenth car passing a particular point on I-75 is recorded.
a.What is the population for this study?
b.What constitutes the sample?
c.Is speed a categorical or a quantitative variable?
d.What type of measurement scale is used?
Mortgage
An agreement in which a bank or lender provides funds to a borrower at a certain interest rate, securing the loan by temporarily taking ownership of the borrower's property. This ownership is transferred back to the borrower once the loan is fully repaid.
Drawee
The party, typically a bank, on whom a check or draft is drawn and is responsible for paying the amount specified.
Checking Account
A bank account that allows for the deposit and withdrawal of funds, typically using checks, debit cards, and electronic transfers, intended for daily transactions.
Cashier's Check
A check issued by a bank or financial institution, guaranteed by the bank itself, used for making large payments where the payee requires assurance of payment.
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