In analyzing the given data, it was noted that this problem could be approached by using hypothesis testing. In viewing this case, it was determined that the case was asking two questions which had to be answered by using both proportional hypothesis testing and mean hypothesis testing. By using hypothesis testing, many assumptions had to be made. First of all, both hypot

After plugging in the correct values, and calculating the formula, the result was 8.279. This value was much greater than the value specified as the limit; therefore, the value was rejected in this case.

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Some common words found in the essay are:
National Bank, minimum balance, hypothesis testing, free checking, Serious Penalty, sample size, reject reject, required qualify free, balance exceeds minimum, balance required qualify, exceeds minimum balance, minimum balance required, mean hypothesis, balance required, exceeds minimum, balance exceeds, null hypothesis,
Approximate Word count = 1072
Approximate Pages = 4 (250 words per page double spaced)