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A Regional Sales Manager of a Bank Wants to Know

question 9

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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 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?


Definitions:

Sample Proportion

Sample proportion refers to the ratio of individuals in a statistical sample who have a particular attribute or characteristic, used in making inferences about a population.

Sample Size

The number of observations or items in a subset chosen from a larger population for the purpose of statistical analysis.

Error Level

The magnitude or frequency of mistakes or inaccuracies within a process, system, or document.

Confidence

The measure of certainty or belief in the effectiveness, quality, or reliability of something, often used in statistical analysis or personal assurance.

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