A Sample of 16 ATM Transactions Shows a Mean Transaction

question 128

Multiple Choice

A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a standard deviation of 12 seconds. State the hypotheses to test whether the mean transaction time exceeds 60 seconds.

• A)H₀: μ ≤ 60, H₁: μ > 60
• B)H₀: μ ≥ 60, H₁: μ < 60
• C)H₀: μ = 60, H₁: μ ≠ 60
• D)H₀: μ < 60, H₁: μ ≥ 60

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Definitions:

Structural Differentiation

Refers to the process within an organization where departments or sections are created to specialize in tasks for efficiency and adaptation.

Poorly Set Objectives

Goals that are not clearly defined, realistic, or aligned with broader organizational aims, leading to confusion and inefficiency.

Reward Systems

Mechanisms established by organizations to incentivize and recognize employee performance, aiming to enhance motivation, productivity, and job satisfaction.

Antecedent Conditions

Circumstances or events that exist or occur before a particular event, often contributing to its outcome.