Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Century national bank case study answers

17/11/2021 Client: muhammad11 Deadline: 2 Day

Case Study: Century National Bank

Assume that you work in the Planning Department of the Century National Bank and report to Ms. Lamberg. You will need to do some data analysis and prepare a short written report. Remember, Mr. Sleig is the president of the bank, so you will want to ensure that your report is complete and accurate. A copy of the data appears in an attached Excel file named Banking-2003.

The Century National Bank has offices in several cities the Midwest and the southeastern part of the United States. Mr. Dan Sleig, president and CEO, would like to know the characteristics of his checking account customers. What is the balance of a typical customer? How many other bank services do the checking account customers use? Do the customers use ATM service and, if so, how often? What about debit cards? Who uses them, and how often are they used?
To better understand the customers, Mr. Sleig asked Ms. Wendy Lamberg, Director of Planning, to select a sample of customers and prepare a report. To begin, she has appointed a team from her staff. You are the head of the team and responsible for preparing the report. You select a random sample of 60 customers. In addition to the balance in each account at the end of last month, you determine: (1) the number of ATM (automatic teller machine) transactions in the last month; (2) the number of other bank services (a savings account, a certificate of deposit, etc.) the customer uses; (3) whether the customer has a debit card; and (4) whether or not interest is paid on the checking account. The sample includes customers from the branches in Cincinnati, Ohio; Atlanta, Georgia; Louisville, Kentucky; and Erie, Pennsylvania.

Case Questions:

1. Develop a graph and a table that shows descriptive statistics (central tendency measures and dispersion measures) of the checking balances.

2. When Mr. Sleig took over as president of Century several years ago, the use of debit cards was just beginning. He would like an update of the use of these cards. Develop a 95% confidence interval for the proportion of customers using these cards. On the basis of the confidence interval, is it reasonable to conclude that more than half of the customers use a debit card? Interpret the results.

3. With many other options available, customers no longer let their money sit in a checking account. 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?

4. Recent years have also seen an increase in the use of ATM machines. When Mr. Sleig 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?

5. The bank has branch offices in four different cities mentioned earlier. Mr. Sleig would like to know if 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?

6. Mr. Sleig is also interested in the ATMs. Is there a difference in the ATM use among the branches? Also do customers who have debit cards tend to use ATMs differently from those who don’t have debit cards? Is there a difference in ATM use by those with checking accounts that pay interest versus those that do not?

7. At a 0.05 significance level, is there a relationship between the location of the branch and whether the customer has a debit card?

8. Using checking account as the dependent variable and using 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 as independent variables, 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 be used in the analysis or can some be dropped? Did you notice any indications to multicollinearity, heteroscedasticity

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Chartered Accountant
Financial Hub
Math Guru
Calculation Guru
Custom Coursework Service
ECFX Market
Writer Writer Name Offer Chat
Chartered Accountant

ONLINE

Chartered Accountant

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$43 Chat With Writer
Financial Hub

ONLINE

Financial Hub

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$37 Chat With Writer
Math Guru

ONLINE

Math Guru

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$45 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$47 Chat With Writer
Custom Coursework Service

ONLINE

Custom Coursework Service

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$45 Chat With Writer
ECFX Market

ONLINE

ECFX Market

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$35 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Training for cleaning staff - Identifying mystery gases lab answers - Is the yellow wallpaper gothic - Benefits of roman expansion - Chem syllabus year 11 - Strategic staffing at chern's a case study - Benefits of xs energy drink - Nike supply and demand analysis - Jfk umbrella man and dark complected man - Set dominant gated sr latch - Pinchy essence wheel of fate - Nyse free cash flow 2015 - Evaluate each function for the domain - Basic networking course outline - Nrma driving after caesarean - Setting up your own business reading answer - Whats wrong with rfk jr voice - How to write a recommendation report for a company - Confined space questions and answers - Challenger moodle login - Bath spa university hub - Sustainability plan example childcare - Course - Lead ii ion formula - Should i be a corporate lawyer quiz - Pop sound experiment - Governments often intervene in international trade and impose quotas to - 3 types of carburetors - Actron air controller manual - Crystals for removing curses - Testout security pro certification exam answers - Dimplex storage heater instructions - English - Nursing research - The red fox fur coat analysis - The life-cycle of a typical moss includes - Compute the required sales in dollars to break even - Addressing selection criteria examples - 2012 nfpa 99 power strip requirements - Light and plant growth virtual lab journal answers - I need you chords - How many morphemes are in the word farmer - Demographic factors affecting automobile industry - 100 thousand dollar candy bar - Classical conditioning in advertising coca cola - Inspector calls inspector quotes - Paper making lesson plan - Bastion 20kg concrete mix - Why is some risk diversifiable and some not diversifiable - Prepare a plan for digital evidence cases involving divorces - Simon ielts writing task 2 general training - Cryptography - Supply chain management lesson plans - Atkins or fadkins by karen e bledsoe answer key - English - Week 8 Learning Journal - Smith stone knight v birmingham - Analysis of kolcaba's comfort theory - Coral is far more red than her lips red meaning - Who is responsible for kiowa's death - Assignment 11 (use above videos and docs to complete Assignment) - Need a project report and presentation - Ch3oc ch2och3 3 - Chi square formula in word document - Butl_ Learnign Feamework - A-plus students - Assignment - L oreal case study ppt - Lead 8 - Feast watson floor finish applicator - Pigments in spinach leaves - Biology 130 - How to end a diary entry - Replacement of hydrogen by a metal lab answers - D-2 - Tasmanian sandstone quarries pty ltd - One-one Leadership - Purchased goodwill should be written off - Strategic group map restaurant industry - American Psychological Association. (2020). Publication manual of the American Psychological Association (7th ed.). Chapter 3 and 4 - How to write annexure in thesis - Presentation - Assisted suicide speech outline - Cooper street clinic fax - Museum Assignment - RM AP1 - Apply appropriate performance measures and quality tools that are utilized within the context of supply chain management - Week 8 Assignment: Signature Assignment Presentation: The Oral Defense Video - Dichromate chromate equilibrium - Tech talk case study solution - Litterature - Auditing - I need a discussion done and a respond to 2 other classmate for my Recruit, develop, reward and retain - Eagle eye battery monitoring system - World Civilization before 1650. - Is 84 prime or composite - Discussion Post - Assume the speed of vehicles along a stretch of i-10 has an approximately - The time machine chapter 5 summary - How to make benzoic