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A Sample of 16 ATM Transactions Shows a Mean Transaction

Question 27

Multiple Choice

A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a standard deviation of 12 seconds. Find the test statistic to decide whether the mean transaction time exceeds 60 seconds.


A) 1.457
B) 2.037
C) 2.333
D) 1.848

Correct Answer:

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