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SCENARIO 12-4 A Computer Used by a 24-Hour Banking Service Is Supposed

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SCENARIO 12-4
A computer used by a 24-hour banking service is supposed to randomly assign each transaction to one of 5 memory locations.A check at the end of a day's transactions gave the counts shown in the table to each of the 5 memory locations,along with the number of reported errors.
SCENARIO 12-4 A computer used by a 24-hour banking service is supposed to randomly assign each transaction to one of 5 memory locations.A check at the end of a day's transactions gave the counts shown in the table to each of the 5 memory locations,along with the number of reported errors.    The bank manager wanted to test whether the proportion of errors in transactions assigned to each of the 5 memory locations differ. -Referring to Scenario 12-4,at 1% level of significance A) there is sufficient evidence to conclude that the proportions of errors in transactions assigned to each of the 5 memory locations are all different. B) there is insufficient evidence to conclude that the proportions of errors in transactions assigned to each of the 5 memory locations are all different. C) there is sufficient evidence to conclude that the proportion of errors in transactions assigned to each of the 5 memory locations are not all the same. D) there is insufficient evidence to conclude that the proportion of errors in transactions assigned to each of the 5 memory locations are not all the same. The bank manager wanted to test whether the proportion of errors in transactions assigned to each of the 5 memory locations differ.
-Referring to Scenario 12-4,at 1% level of significance


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A market condition where there is only one buyer for a product or service, giving that buyer significant control over prices.

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