Processing time. A programming company establishes a new system for banks to reduce the ATM machines processing

Question:

Processing time. A programming company establishes a new system for banks to reduce the ATM machine’s processing time. The mean processing time with the previous system was 3.5 minutes. Based on a processing speed test, the new system results in a P-value of 0.0218. Explain in this context what the “2.18%” represents.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

Question Posted: