Question 1 Netvalley.com analysis of total assets (S billions) of these banks us

Question

Question 1 Netvalley.com analysis of total assets (S billions) of these banks using the descriptive statistics feature. Study the ed a list of the top 100 banks in the United States according to total assets. Leading the list was Bank of America, followed by 1PMorgan Chase and Citibank. Following is an Excel output and describe in your own words what you can learn about the assets of these top1 Top 100 Banks in U.S 76.5411 17,93374 21.97 13.01 179.3374 32161.9 22.2632 4.586275 1096.01 8.99 1105 7654.11 100 Mean Standard error Median Mode Standard deviation Sample variance Kurtosis Skewness Range Minimum Maximum Sum Count

Explanation / Answer

Mean = 76.5411 which means that the average of the total assets of the 100 banks in US is 76.5411($ billion)

Standard error = Square root of the Deviation from the mean total assets is 17.93374($ billion)

Median = 21.97 The 50th Bank in order of the total assests has a total asset of 21.97($ billion)

Mode = 13.01 Maximum number of banks have a total asset worth 13.01($ billion)

Sample Variance .= 32161.9. Variation from the mean total assets is 32161.9($^2 billion)

Kurtosis = 22.2632 . Among the 100 banks, the bank with highest total asset has worth(22.2632 $ billion)

Skewness = 4.586275. The extent to which the data differs from symmetry is 4.586275($ billion)

Range = 1096.01 The difference between the bank with maximum assest and the bank with minimum asset is 1096.01($ billion)

Minimum = 8.99. The Bank with least asset

Maximum = 1105. The bank with maximum asset

Sum = 7645.11 The total asset of all the 100 banks is 7645.11($ billion)

Count = 100. The total number of banks is 100

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