Purchase Solution

Analysis of variance for ATM data

Not what you're looking for?

Ask Custom Question

Refer to the Century National Bank data. Using checking account balance as the dependent variable and using as independent variables the number of ATM transactions, the number of other services used, whether the individual has a debit card, and whether interest is paid on the particular account, write a report indicating which of the variables seem related to the account balance and how well they explain the variation in account balances. Should all of the independent variables proposed be used in the analysis or can some be dropped?

Attachments
Purchase this Solution
Solution Summary

The solution provides step by step method for the calculation of F statistic for ATM data set . Formula for the calculation and Interpretations of the results are also included.

Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

View More Free Quizzes
Related BrainMass Solutions

  • Statistics: Cash Withdrawal Analysis

    240152 Statistics: Cash Withdrawal Analysis Cash withdrawals (in multiples of $20) at an on-campus ATM for a random sample of 30 Fridays and 30 Mondays are shown below.

  • Citizens Banking Co: number of times ATM is used, calculate

    What is the median number of days the ATM was used each day? ______ c. What is the standard deviation for the sample data (round to the nearest whole number)? _________ In problem above: a.

  • Comprehensive case study for statistics

    For many years the mean checking balance has been $1,600. Does 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.

  • Activity based costing of customers for Sandy Sun Bank

    For example using ATM costs should vary with number of uses. If this holds then we can reduce the ATM costs by reducing the number of uses. This solution provides a complete computation of the given accounting problem formatted in Excel.

  • Century National Bank Scatter Diagram and Correlations

    For this we can use the data analysis tool of MS Excel as follows. Procedure for Regression Analysis in Excel 1. Enter data in an excel sheet giving variable names in the first row 2. Tools > Data Analysis > Regression > OK 3.

  • Regression analysis for Bank data

    Legend for the data set is posted below: X1: Account Balance in dollars X2: Number of ATM transactions in the month X3: Number of other bank services used X4: Has a debit card (0=no, 1=yes) X5: Receives interest on the account (0=no, 1=yes)

  • Multiple regression analysis in Minitab

    These data are contained in the data file CNB60.MTB and have the following variable definitions: Variable Description Balance Account balance in $ ATM Number of ATM transactions for the month Services Number of other bank services used Debit Has

  • General questions about ATM networks

    The data payload of ATM cells is 48 bytes. What is the maximum sustainable net (or effective) data rate?

  • vatiance analysis, merits and errors in variance analysis

    Further, setting up of standard in job costing is difficult because each job is unique in nature and there is lot of scope for error in the fixation of standard. Further, for setting up of standard, the firm requires good data and good analysis.

View More Related Solutions