Examlex

Solved

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

question 178

Multiple Choice

TABLE 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.
TABLE 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 Table 12-4, the critical value of the test statistic at 1% level of significance is A)  7.7794. B)  13.2767. C)  20.0902. D)  23.2093.
The bank manager wanted to test whether the proportion of errors in transactions assigned to each of the 5 memory locations differ.
-Referring to Table 12-4, the critical value of the test statistic at 1% level of significance is


Definitions:

Personal Selling

A direct form of selling where salespersons use tailored communication to persuade potential buyers to purchase products or services.

Interactive Communication

A form of communication where there is active participation and exchange between all parties involved, allowing for immediate feedback and adaptation of message.

Publicity

The public visibility or awareness of a product, service, person, or organization achieved through media coverage or promotional activities, often without direct payment.

Sales Promotion

A marketing strategy that involves short-term incentives to encourage the purchase or sale of a product or service.

Related Questions