Remote deposit capture. The Federal Reserve has called

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QUESTION:

Remote deposit capture. The Federal Reserve has called remote deposit capture (RDC) the most important development the [U.S.] banking industry has seen in years. This service allows users to scan checks and to transmit the scanned images to a bank for posting.36 In its annual survey of community banks, the American Bankers Association asked banks whether or not they offered this service.37 Here are the resultsclassified by the asset size (in millions of dollars) ofthe bank: Offer RDCAsset size Yes NoUnSummarize the results of this survey question numericallyand graphically. Write a short paragraph explainingthe relationship between the size of a bank, measured byassets, and whether or not RDC is offered.

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QUESTION:

Remote deposit capture. The Federal Reserve has called remote deposit capture (RDC) the most important development the [U.S.] banking industry has seen in years. This service allows users to scan checks and to transmit the scanned images to a bank for posting.36 In its annual survey of community banks, the American Bankers Association asked banks whether or not they offered this service.37 Here are the resultsclassified by the asset size (in millions of dollars) ofthe bank: Offer RDCAsset size Yes NoUnSummarize the results of this survey question numericallyand graphically. Write a short paragraph explainingthe relationship between the size of a bank, measured byassets, and whether or not RDC is offered.

ANSWER:

Step 1 of 5

To start summarizing the results, we first transform the  table into a joint distribution. We can do that by first computing the total number of community banks surveyed. The total would be:

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