Running head: STATISTICS 1 Business Statistic Name of Student Name of Professor Course Title Date Submitted STATISTICS 2 Introduction This report will entail quite number of things: classification of each variable in the dataset by level of measurement as well as by the type of variable. A frequency distribution and histogram that portray the checking balances will be developed too. Additionally, the balance of the typical customer will be determined. Mean and median of the checking account balances will be developed analyzed and compared. Mean and the standard deviation for the sample of 60 customers will be determined too. To begin with, I personally drafter this report. My aim of performing this research was to determine effects associated with statistical variables such as mean, median and coefficient of correlation on the financial institutions. My intended audience were the banking organizations among other financial institutions. The main objective of performing the research was to create an awareness to all financial institutions about the need to consider the three statistical variables in their decision making. The samples used were collected for four banking organizations: Atlanta, Louisville, Erie and Louisville. After attaining all necessary information about these samples, data was evaluated computed and analyzed. After coming up with final results we could relate the four-organization based on their values on mean, media, and coefficient of correlation. T ...
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