Commercial Bank and Trust Company is studying the use of its automatic teller machines (ATMs). Of particular
Question:
Commercial Bank and Trust Company is studying the use of its automatic teller machines (ATMs). Of particular interest is whether young adults (under 25 years) use the machines more than senior citizens. To investigate further, samples of customers under 25 years of age and customers over 60 years of age were selected. The number of ATM transactions last month was determined for each selected individual, and the results are shown in the table. At the .01 significance level, can bank management conclude that younger customers use the ATMs more?
a. What are the null and alternate hypotheses?
b. Compute the test statistic.
c. Compute the p-value.
d. What is your decision regarding the null hypothesis?
e. Interpret the result.
Step by Step Answer:
Statistical Techniques In Business And Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen