The Distribution Of The Number Of Transactions Per Day At A Certain Automated Teller Machine Is Approximately Normal With A Mean Of 80 Transactions And A Standard Deviation Of 10 Transactions. Which Of The Following Represents The Parameters Of The Distri (2023)

FAQs

What is the distribution of the number of transactions per day at a certain automated teller machine ATM? ›

The distribution of the number of transactions per day at a certain automated teller machine (ATM) is approximately normal with a mean of 80 transactions and a standard deviation of 10 transactions.

The mean is larger than the median in a positively skewed distribution.

Which of the following can be used to show a cause-and-effect relationship between two variables? A controlled experiment.

The relationship between group size and percent woodland appears to be negative and nonlinear. Which of the following statements explains such a relationship? As the percent of woodland increases, the number of deer observed in a group decreases quickly at first and then more slowly.

Cashier/Teller Withdrawals

For example, your bank may limit cashier transactions to no more than $20,000 in physical cash each day. This differs from an ATM withdrawal because you're working directly with a teller, which obviates some of the security concerns.

Some banks allow only five free ATM cash transactions from their own ATMs and three or five (three for metros and five for other places) transactions from other bank ATMs. Any transaction or withdrawals post these limits would attract charges of Rs. 20 (excluding GST) for financial transactions and Rs.

There are 3 characteristics used that completely describe a distribution: shape, central tendency, and variability. We'll be talking about central tendency (roughly, the center of the distribution) and variability (how broad is the distribution) in future chapters.

Right skewed: The mean is greater than the median. The mean overestimates the most common values in a positively skewed distribution. Left skewed: The mean is less than the median. The mean underestimates the most common values in a negatively skewed distribution.

To summarize, generally if the distribution of data is skewed to the left, the mean is less than the median, which is often less than the mode. If the distribution of data is skewed to the right, the mode is often less than the median, which is less than the mean.

Causation means that changes in one variable brings about changes in the other (i.e., there is a cause-and-effect relationship between variables). The two variables are correlated with each other, and there's also a causal link between them.

Which of the following can be used to show a cause? ›

Because & Since. Because and since are used to show a cause or reason.

Cause and effect sentences can present the cause first and follow it with the effect, or present the effect first and follow it with the cause. I ate tons of junk food, so now I feel sick. I feel sick because I ate tons of junk food.

In general, the smaller the group, the easier it will be for its members to reach a consensus on goals and create a stronger bond.

The Role of Group Size

Since it is easier for fewer people to agree on goals and to coordinate their work, smaller groups are often more cohesive than larger groups. Group cohesiveness may suffer, though, if the group lacks enough members to perform its tasks well.

As groups become larger, the intensity of their interaction and bonding decreases, but their stability increases. The major reason for this is the sheer number of relationships that can exist in a larger group.

The distribution of the number of transactions performed at a bank each day is approximately normal with mean 478 transactions and standard deviation 64 transactions.

A transaction involves the exchange or transfer of products, services, or money. What are the three most common types of transactions? There are three types of accounting transactions depending on the transaction of money: cash transactions, non-cash transactions, and credit transactions.

This secret number, PIN, is static type i.e. once set it; access will be done after using it in each ATM transaction. So a user keeps the PIN secret and not to share anyone. An unauthorized access may possible if anyone steals the Debit card with PIN or guess the PIN.

“Most networks do not have deposit limits, but an individual ATM may have a limit on how many individual bills it can process at a time,” said Cyrus Purnell, a certified financial planner and coach at Financial Finesse in Memphis. For example, Chase and Wells Fargo have a limit of 30 bills or checks.