A Sample of Customers from Barnsboro National Bank Shows an Average

question 152

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.

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Definitions:

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Lexical Awareness

The recognition and understanding of words and their meanings, including their structure and the relationships between them.

Formal Operational Thought

The stage of cognitive development, according to Piaget, characterized by the ability to think logically about abstract propositions and test hypotheses systematically.

Memory Performance

An individual’s ability to recall or recognize previous experiences or information.