Question
Here is the data we are working with: Balance ATM Services Debit Interest City 1756 13 4 0 1 2 748 9 2 1 0
Here is the data we are working with:
Balance ATM Services Debit Interest City
1756 13 4 0 1 2
748 9 2 1 0 1
1501 10 1 0 0 1
1831 10 4 0 1 3
1622 14 6 0 1 4
1886 17 3 0 1 1
740 6 3 0 0 3
1593 10 8 1 0 1
1169 6 4 0 0 4
2125 18 6 0 0 2
1554 12 6 1 0 3
1474 12 7 1 0 1
1913 6 5 0 0 1
1218 10 3 1 0 1
1006 12 4 0 0 1
2215 20 3 1 0 4
137 7 2 0 0 3
167 5 4 0 0 4
343 7 2 0 0 1
2557 20 7 1 0 4
2276 15 4 1 0 3
1494 11 2 0 1 1
2144 17 3 0 0 3
1995 10 7 0 0 2
1053 8 4 1 0 3
1526 8 4 0 1 2
1120 8 6 1 0 3
1838 7 5 1 1 3
1746 11 2 0 0 2
1616 10 4 1 1 2
1958 6 2 1 0 2
634 2 7 1 0 4
580 4 1 0 0 1
1320 4 5 1 0 1
1675 6 7 1 0 2
789 8 4 0 0 4
1735 12 7 0 1 3
1784 11 5 0 0 1
1326 16 8 0 0 3
2051 14 4 1 0 4
1044 7 5 1 0 1
1885 10 6 1 1 2
1790 11 4 0 1 3
765 4 3 0 0 4
1645 6 9 0 1 4
32 2 0 0 0 3
1266 11 7 0 0 4
890 7 1 0 1 1
2204 14 5 0 0 2
2409 16 8 0 0 2
1338 14 4 1 0 2
2076 12 5 1 0 2
1708 13 3 1 0 1
2138 18 5 0 1 4
2375 12 4 0 0 2
1455 9 5 1 1 3
1487 8 4 1 0 4
1125 6 4 1 0 2
1989 12 3 0 1 2
2156 14 5 1 0 2
And here is the question:
CASES A. Century National BankRefer to the description of Century National Bank on page 129 at the end of the Review of Chapters 1-4. With many other options available, customers no lon-ger let their money sit in a checking account. For many years the mean checking balance has been $1,600. Do the sample data indicate that the mean account balance has declined from this value? Recent years have also seen an increase in the use of ATM machines. When Mr. Selig took over the bank, the mean number of transactions per month per cus-tomer was 8; now he believes it has increased to more than 10. In fact, the advertising agency that prepares TV commercials for Century would like to use this on the new commercial being designed. Is there sufficient evidence to conclude that the mean number of transac-tions per customer is more than 10 per month? Could the advertising agency say the mean is more than 9 per month? The bank has branch offices in four different cities: Cincinnati, Ohio; Atlanta, Georgia; Louisville, Kentucky; and Erie, Pennsylvania. Mr. Selig would like to know whether there is a difference in the mean checking ac-count balances among the four branches. If there are dif-ferences, between which branches do these differences occur?d. If proper, test the other hypotheses at the .05 significance level. If it is not appropri-ate, describe why you should not do the tests. Mr. Selig is also interested in the bank's ATMs. Is there a difference in ATM use among the branches? Also, do customers who have debit cards tend to use ATMs differently from those who do not have debit cards? Is there a difference in ATM use by those with checking accounts that pay interest versus those that do not? Question is looking for a report for Mr. Selig answering these questions.
I am overwhelmed and don't know how to start breaking this down into steps to figure out how to answer. Are you able to assist with getting me started?
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