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

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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:

Overhead Efficiency Variance

The difference between flexible budgets using actual volume and standard volume. It is an estimate of the additional overhead incurred.

Direct Labor Hours

The total amount of time workers spend directly manufacturing a product or providing a service.

Mix Variance

Captures the effect of substitution among the products, holding constant the number of units sold.

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