Commercial Bank and Trust Company is studying the use of its automatic teller machines (ATMs). Of particular

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Commercial Bank and Trust Company is studying the use of its automatic teller machines (ATMs). Of particular interest is whether young adults (under 25 years) use the machines more than senior citizens. To investigate further, samples of customers under 25 years of age and customers over 60 years of age were selected. The number of ATM transactions last month was determined for each selected individual, and the results are shown in the table. At the .01 significance level, can bank management conclude that younger customers use the ATMs more?

Under 25 10 10 11 15 7 11 10 9. Over 60 4 8 7 7 4 5 1 7 4 10 5

a. What are the null and alternate hypotheses?

b. Compute the test statistic.

c. Compute the p-value.

d. What is your decision regarding the null hypothesis?

e. Interpret the result.

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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