Analysis of sales of fixed deposit at indian bank and bank of india
1.
2. To know which bank’s FD is performing
consistently.
To ascertain whether performance of both
Bank’s FD in terms of sales is same or not.
3. The study is based on Primary data.
Random sampling technique has been used to
collect FDs of Two Bank
A sample of 12 months has been taken.
Hypothesis testing method has been used.
4. The data collected were analyzed with the
help of various statistical tools like standard
deviation and mean.
A hypothesis testing was performed on the
selected data.
6. INDIAN BANK BANK OF INDIA
Mean (A) = 271 Mean (B) = 263
Sd = 29.56 Sd = 29.94
Lets make hypothesis that both bank have same mean
H0 : ц1 = ц2
H1 : ц1 ≠ ц2 (Assume that both have different mean)
t test at Level of significance 5%
Pooled standard deviation Sp = 29.93
Standard Error = 12.22
Critical value = +/- 2.07
Observed value = 0.6545
As observed value 0.6545 lies between Critical value +/- 2.07, we
are accepting the hypotheses Ho and rejecting H1.
7. Data given by bank employee may or may not
be 100% accurate.
Sample size is too small.
Data is collected from only one branch of
both banks.
8. On the basis of mean we can say that sale of
FD of Indian Bank is more than that of Bank
of India.
On the basis of Sd we can say that sale of FD
of Indian Bank is more consistence than that
of Bank of India.
By the help of hypothesis testing we have
proved that the mean sale of FD of both the
banks are same.