If the industry has an average cash deposit of 2100, which bank is performing better? Which bank is more consistent (coefficient of variation). Comment on the shape of the two distributions in a practical sense.
If the industry has an average cash deposit of 2100, which bank is performing better? Which bank is more consistent (coefficient of variation). Comment on the shape of the two distributions in a practical sense.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 23PPS
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Question
![1. Consider the data below for deposits brought in by officers of two different
banks withthe objective of recovering loans by various officers.
Bank A
Bank B
2825
2072
2733
2069
3109
2804
1658
2207
4285
2862
3353
1449
2207
2882
1647
2051
2045
2383
1894
1732
1979
1258
2982
1677
3223
2230
2597
3512
2444
1773
2711
1319
1884
2359
2045
2281
1230
1665
1294
Draw a well labeled diagram featuring the deposits for the two banks.
Also draw a summary statistics table that has at least one measure of
central tendency, measure of dispersion, measure of position and measure
of shape for each company
If the industry has an average cash deposit of 2100, which bank is
performing better? Which bank is more consistent (coefficient of
variation). Comment on the shape of the two distributions in a practical
sense.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18d0c617-7acc-40fb-b03e-548334fc0370%2F2e73c177-4b59-4f0b-9256-7a7b0467816f%2Fwkxd5un_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Consider the data below for deposits brought in by officers of two different
banks withthe objective of recovering loans by various officers.
Bank A
Bank B
2825
2072
2733
2069
3109
2804
1658
2207
4285
2862
3353
1449
2207
2882
1647
2051
2045
2383
1894
1732
1979
1258
2982
1677
3223
2230
2597
3512
2444
1773
2711
1319
1884
2359
2045
2281
1230
1665
1294
Draw a well labeled diagram featuring the deposits for the two banks.
Also draw a summary statistics table that has at least one measure of
central tendency, measure of dispersion, measure of position and measure
of shape for each company
If the industry has an average cash deposit of 2100, which bank is
performing better? Which bank is more consistent (coefficient of
variation). Comment on the shape of the two distributions in a practical
sense.
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