Relationship between the two averages

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Reference no: EM1389158

The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions for up to $250,000. Before the banking crisis of late 2008, there were 8885 FDIC insured institutions with deposits of $6,826,804,000,000; there were 7436 in late 2011 with deposits of 7,966,700,000,000.

Calculate the average of deposits per bank for FDIC- inured institutions during both time periods and describe the relationship between the two averages. Provide a reason for the difference.

Would the two averages be considered parameters or statistics. Explain.

Reference no: EM1389158

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