Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Consider the data below for deposits brought in by officers of two different banks with the objective of recovering loans by various officers. 2733
1. Consider the data below for deposits brought in by officers of two different banks with the objective of recovering loans by various officers. 2733 2825 4285 1258 2597 1884 Bank A 2072 2862 3353 2982 2045 3512 2444 2359 2045 2069 1449 1677 1773 3109 2207 3223 2711 2281 Bank B 2804 1658 2882 1647 2383 1732 1894 1979 1230 1665 2207 2051 2230 1319 1294 Draw a well labeled diagram featuring the deposits for the two banks. (5 marks) 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. (5 marks). 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. (10 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started