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Golf
A round of golf on your typical course requires at least 4.5 hours.A particular golf club claims that the average length of time to complete a round of golf on their course is less than 4.5 hours.To test this claim,the club sampled 15 golfers and recorded their time to finish their round.The sample average was 4.4 hours with a standard deviation of 0.8 hours.Assume the time to complete a round of golf is normally distributed and use = 0.01.
-n = 225; p = 0.13; H0: = 0.10,H1: 0.10; = 0.02
State the conclusion:
Interest Bearing Account
A bank account that yields interest income on the deposited funds over time, offering a return to the account holder.
Disburses Cheques
The process of issuing and distributing checks by an individual or entity, usually for payment purposes.
Transfer
The act of moving assets, securities, or other valuables from one party to another.
Lockbox System
A service provided by banks to companies for the collection of payments from customers, involving the use of a special post office box to speed up the deposit process.
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