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

question 30

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.

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 calculated value of the test statistic is

• A) -0.1777.
• B) -0.0185.
• C) 1.4999.
• D) 1.5190.

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Definitions:

Common Measures Bias

Common measures bias refers to a type of error that can occur in statistical analysis when the same measurement instruments or methods are used to collect data on different variables, leading to artificially inflated correlations.

Divisional Balanced Scorecards

Strategic planning and management tools used to monitor the performance of a business unit against its objectives and goals.

Learning and Growth

Learning and growth refer to an organizational perspective focused on enhancing capabilities, employee skills, and overall innovation to achieve long-term objectives.

Surrogation

The substitution of a performance measure (or target) for the strategy or objective it was intended to assess, potentially misaligning organizational goals.