A Regional Sales Manager of a Bank Wants to Know

question 9

Essay

A regional sales manager of a bank wants to know if the number of ATM transactions per day is different for four cities of equal size in the executive's region.The executive collects relevant data and obtains the following incomplete one-way ANOVA table.
A)Complete the ANOVA table.
B)Set up the competing hypothesis to test whether there are differences in the mean number of ATM transactions per day between the different cities.
C)At the 5% significance level,what is the conclusion to the test?

• A)Complete the ANOVA table.
• B)Set up the competing hypothesis to test whether there are differences in the mean number of ATM transactions per day between the different cities.
• C)At the 5% significance level,what is the conclusion to the test?

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Definitions:

Multiple Aptitude Test

A test designed to measure a broad spectrum of abilities or intellectual capabilities in various domains, such as verbal, mathematical, and spatial skills.

High Correlations

This pertains to a significant relationship between two variables indicating that as one variable changes, the other does too, either in the same (positive correlation) or in the opposite direction (negative correlation).

Subtests

Specific sections or components of a larger test, each designed to measure a particular skill or knowledge area.

Response Summary

An aggregated overview of answers or reactions to a particular set of questions or stimuli.