Question
C A S E S A. Century National Bank Refer to the description of Century National Bank at the end of the Review of Chapters 1-4 on page 128. 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 customer 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 transactions 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 account balances among the four branches. If there are differences, between which branches do these differences occur? Mr. Selig is also interested in the bank's ATMs. Is there a difference in ATM use among the branches? Also, do cus- tomers who have debit cards tend to use ATMs differently from those who do not have debit cards? Is there a differ- ence in ATM use by those with checking accounts that pay interest versus those that do not? Prepare a report for Mr. Selig answering these questions.
Explanation / Answer
Write specific problem .........Can you please mention what are the solutions required ?
