Definition of magnetic ink character recognition
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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 Central
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Advantages & Disadvantages of Magnetic Ink Character Recognition | Techwalla
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