Thursday, September 27, 2007

A Serious Interest Penalty

In this case, a bank, The Western National Bank, is trying to offer free examination benefits to those customers with a minimum balance great sufficient to do so. The bank problem is finding the amount the minimum balance should be, as well as gathering certain criteria given in their announcement. Some details of the criteria are that they would like to be able to claim that the account balance exceeds the minimum balance required to succeed for free checking. They also wish that less than half of all accounts have a balance that exceeds the minimum balance required to be eligible for free checking. A financial manager at the bank has made a offer of $1,500.00 for the minimum balance. The bank wants to know if $1,500.00 is used as the minimum balance, then would they meet the criteria confirmed in the advertisement.

In analyze the given data, it was noted that this problem could be approach by using hypothesis testing. In viewing this case, it was resolute that the case was asking two questions which had to be answered by using both proportional hypothesis testing and mean hypothesis testing.

2 comments:

costa rica said...

These articles are fantastic; the information you show us is interesting for everybody and is really good written. It’s just great!! Do you want to know something more? Read it...: Great investment opportunity in Costa Rica: condos in costa rica, condos in jaco costa rica, condos rental in costa rica. Visit us for more info at: http://www.jaco-bay.com/

guanacaste beach condos said...

Costa Rica is a country with a extremely sense of freedom. The landscapes are for much the most green in whole center america.The chances of investement are way to high, the average of Americans, European and people of the entire planet who is buying here is up in the sky !!! The best investment opportunity in Costa Rica: costa rica real estate, real estate beach,costa rica condos. Visit us for more information at: http://www.costa-ricarealestate.com