Question
One bank company determines the number of ATM machines they put in their branches based on the percentage of their customers who would use their
One bank company determines the number of ATM machines they put in their branches based on the percentage of their customers who would use their machines.Currently one of their branches has 1 ATM machine and they will only put in another machine if the percentage of their customers using their existing machine is greater than 35%.A random sample of 120 customers entering this branch revealed that 48 used its ATM machine.At the .10 level of significance can this bank conclude that more than 35% of all its customers use the machine?Should they put in another machine?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started