(Answered) Question the federal deposit insurance corporation fdic

Statistics

Question: 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 8,885 FDIC-insured institutions, with deposits of $6,826,804,000,000; there were 7,436 in late 2011 with deposits of 7,966,700,000,000.

a. Calculate the average deposits per bank for FDIC- insured institutions during both time periods.

b. Describe the relationship between the two averages calculated in part a. Can you provide a reason for the difference?

c. Would the two averages be considered to be parameters or statistics? Explain.

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