Community National Bank is using an observational study to examine the utilization of its new 24-hour banking
Question:
Community National Bank is using an observational study to examine the utilization of its new 24-hour banking machine. Of 300 males who used the machine last week, 42% made two or more transactions before leaving. Of 250 female users during the same period, 50% made at least two transactions while at the machine. At the 0.10 level, do males and females differ significantly in terms of making multiple transactions? Determine and interpret the p-value for this test, then construct and interpret the 90% confidence interval for π1 – π2.
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The null and alternative hypotheses are H 0 p 1 p 2 or p 1 p 2 0 the proportions of multiple transac...View the full answer
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Somshukla Chakraborty
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