Table 1

x1 = Account balance in $
x2 = Number of ATM transactions in the month
x3 = Number of other bank services used
x4 = Has a debit card (1 = yes, 0 = no)
x5 = Receives interest on the account
X6 = City where banking is
X1
32
137
167
343
580
634
740
748
765
789
890
1006
1044
1053
1120
1125
1169
1218
1266
1320
1326
1338
1455
1474
1487
1494
1501
1526
1554
1593
1616
1622
1645

X2
13
9
10
10
14
17
6
10
6
18
12
12
6
10
12
20
7
5
7
20
15
11
17
10
8
8
8
7
11
10
6
2
4

X3
4
2
1
4
6
3
3
8
4
6
6
7
5
3
4
3
2
4
2
7
4
2
3
7
4
4
6
5
2
4
2
7
1

X4
0
1
0
0
0
0
0
1
0
0
1
1
0
1
0
1
0
0
0
1
1
0
0
0
1
0
1
1
0
1
1
1
0

X5
1
0
0
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
0
1
0
1
0
0
0

X6
2
1
1
3
4
1
3
1
4
2
3
1
1
1
1
4
3
4
1
4
3
1
3
2
3
2
3
3
2
2
2
4
1

1675
1708
1735
1746
1756
1784
1790
1831
1838
1885
1886
1913
1958
1989
1995
2015
2076
2125
2138
2144
2156
2204
2215
2276
2375
2409
2557

4
6
8
12
11
16
14
7
10
11
4
6
2
11
7
14
16
14
12
13
18
12
9
8
6
12
14

5
7
4
7
5
8
4
5
6
4
3
9
0
7
1
5
8
4
5
3
5
4
5
4
4
3
5

1
1
0
0
0
0
1
1
1
0
0
0
0
0
0
0
0
1
1
1
0
0
1
1
1
0
1

0
0
0
1
0
0
0
0
1
1
0
1
0
0
1
0
0
0
0
0
1
0
1
0
0
1
0

1
2
4
3
1
3
4
1
2
3
4
4
3
4
1
2
2
2
2
1
4
2
3
4
2
2
2

X6
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3

X1
748
1501
1886
1593
1474
1913
1218
1006
343
1494
580
1320
1784
1044
890
1708
1756
2125
1995
1526
1746
1616
1958
1675
1885
2204
2409
1338
2076
2375
1125
1989
2156
1831
740
1554
137
2276
2144
1053

A c c o u n t B a la n c e ($ )

1. Develop a graph or table that portrays the checking balances. What is the balance of a typical
customer? Do many customers have more than $2,000 in their accounts? Does it appear that there is a difference in th

3000
2500
2000
1500
1000
500
0
0

1. A typical customer has a balance of about

2. Only 12 customers have balances above $
3. It appears that accounts in City 2 have hig
CI
Less than 500
500 - 1000
1000 - 1500
1500 - 2000
2000 - 2500
2500 - 3000

F
4
7
15
22
11
1

4. The balances tend to cluster around $1000

3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
4
Mean =

1120
1838
1735
1326
1790
32
1455
1622
1169
2215
167
2557
634
789
2015
765
1645
1266
2138
1487
1499.27

that there is a difference in the distribution of the accounts among the four branches? Around what value do the account balances

2
City

er has a balance of about $1500

rs have balances above $2000.
counts in City 2 have higher balances. The other 3 cities are almost on par.

d to cluster around $1000 to $2000.

do the account balances tend to cluster?

2. Determine the mean and median of the checking account balances. Compare the mean and the median balances for
1
X6
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3

X1
748
1501
1886
1593
1474
1913
1218
1006
343
1494
580
1320
1784
1044
890
1708
1756
2125
1995
1526
1746
1616
1958
1675
1885
2204
2409
1338
2076
2375
1125
1989
2156
1831
740
1554
137
2276
2144
1053
1120

Branch 1:

Mean =
Median =

1281.38
1397.00

Branch 2:

Mean =
Median =

1879.65
1958.00

Branch 3:

Mean =
Median =

1359.36
1504.50

Branch 4:

Mean =
Median =

1420.69
1487.00

Total:

Mean =
Median =

1499.27
1604.50

2 Mean of the account balances is $1499.27 an

Both mean and median balances are the leas

For city 2, the mean balance in the account i
balance is $1958, both being greater than th
median is greater than the mean. The differe
balance is the least for city 4.

3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
4

1838
1735
1326
1790
32
1455
1622
1169
2215
167
2557
634
789
2015
765
1645
1266
2138
1487

he median balances for the four branches. Is there a difference among the branches? Be sure to explain the difference between th

nces is $1499.27 and median is $1604.50

alances are the least for city 1 and highest for city 2.
nce in the account is $1879.65 and the median
eing greater than the overall avegaes. In all cases,
he mean. The difference between mean and median
ty 4.

e difference between the mean and the median in your report.

3. Determine the range and the standard deviation of the checking account balances. What do the first and third quart

X6
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3

X1
748
1501
1886
1593
1474
1913
1218
1006
343
1494
580
1320
1784
1044
890
1708
1756
2125
1995
1526
1746
1616
1958
1675
1885
2204
2409
1338
2076
2375
1125
1989
2156
1831
740
1554
137
2276
2144
1053
1120

1
Maximum =
Minimum =
Standard Deviation =
I Quartile =
III Quartile =

Range of the balances in the a

$596.36. The range shows the
balances. The standard de
averag

3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
4

1838
1735
1326
1790
32
1455
1622
1169
2215
167
2557
634
789
2015
765
1645
1266
2138
1487

. What do the first and third quartiles show? Determine the coefficient of skewness and indicate what it shows. Because Mr. Seli

Maximum =
Minimum =
Range =
ndard Deviation =
I Quartile =
III Quartile =
Skew =

2557.00
32.00
2525.00
596.36
1123.75
1924.25
-0.6175

Range of the balances in the accounts is $2525 and the standard deviation is
$596.36. The range shows the difference between the highest and the lowest
balances. The standard deviation shows how spread the data is, on an
average, from the mean value.

I quartile value of $1123.75 shows that the lowest 25% of the

balances are below $1123.75. The III quartile value of $1924.25
shows that the top 25% of the account balances exceed $1924.25.

hows. Because Mr. Selig does not deal with statistics daily, include a brief description and interpretation of the standard deviation

of the standard deviation and other measures.