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Decent Essays

Century National Bank
The Century National Bank has branches in several cities primarily in the Midwest and Southeastern part of the United States, but smaller offices and branches are distributed throughout most states. Mr. John Zobus, President and CEO, would like to know the characteristics of the checking account customers, such as: What is the balance of the typical customer? Or: How many other bank services do the checking account customers use? Do the customers use the 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. Zobus asked Ms. Pamela Helton, Director of Planning, to select a sample of customers and prepare a report that …show more content…

Cite some specific examples and comment on your findings.

4) Divide the account balances into three groups of about 10 each, with the smallest third of the balances in the first group, the middle third in the second group, and those with the largest balances in the third group. Next develop a table that shows the number in each of these categories of the account balances by branch. Does it appear that the size of account balances is related to the branch? Cite some examples and comment on your findings.

The data are represented as follows:

X1 - Account balance in $ X2 - # ATM transactions per week X3 - # of other bank services used X4 - Has debit card (1 = yes; 0 = no) X5 - Receives interest (1 = yes; 0 = no) X6 - City where banking is done. (1 = Cincinnati; 2 = Atlanta; 3 = Louisville; 4 =

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