What Is the MICR Line on a Check? | Sapling
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What Is the MICR Line on a Check? | Sapling
The MICR check line includes a line of numbers at the bottom of every check. This information is printed on special paper and can only be read by certain machines. The MICR line increases fraud protection and efficiency.
Oct 10, 2016
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SOLVED: Character recognition An automatic character recognition device can successfully read about 85% of handwritten credit card applications. To estimate what might happen when this device reads a stack of applications, the company did a simulation using samples of size 20, 50, 75, and 100. For each sample size, they simulated 1000 samples with success rate p = 0.85 and constructed the histogram of the 1000 sample proportions, shown here. Explain how these four histograms demonstrate what the
SOLVED: Character recognition An automatic character recognition device can successfully read about 85% of handwritten credit card applications. To estimate what might happen when this device reads a stack of applications, the company did a simulation using samples of size 20, 50, 75, and 100. For each sample size, they simulated 1000 samples with success rate p = 0.85 and constructed the histogram of the 1000 sample proportions, shown here. Explain how these four histograms demonstrate what the
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