Question

SCENARIO 12-4 A computer used by a 24-hour banking service is supposed to randomly assign each...

SCENARIO 12-4
A computer used by a 24-hour banking service is supposed to randomly assign each transaction to one of 5 memory locations. A check at the end of a day's transactions gave the counts shown in the table to each of the 5 memory locations, along with the number of reported errors.

Memory Location 1 2 3 4 5
Number of Transactions 82 100 74 92 102
Number of Reported Errors 11 12 6 9 10

The bank manager wanted to test whether the proportion of errors in transactions assigned to each of the 5 memory locations differ.


Referring to Scenario 12-4, the critical value of the test statistic at 1% level of significance is

Question 15 options:

A)

13.2767

B)

7.7794

C)

23.2093

D)

20.0902
0 0
Add a comment Improve this question Transcribed image text
Answer #1

This is a Chi-Square goodness of fit test problem and the degrees of freedom in this case is n-1 that is 5-1=4. The calculati

Add a comment
Know the answer?
Add Answer to:
SCENARIO 12-4 A computer used by a 24-hour banking service is supposed to randomly assign each...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • TABLE 12-4 A computer used by a 24-hour banking service is supposed to randomly assign each...

    TABLE 12-4 A computer used by a 24-hour banking service is supposed to randomly assign each transaction to one of 5 memory locations. A check at the end of a day's transactions gave the counts shown in the table to each of the 5 memory locations, along with the number of reported errors. Memory Location Number of Reported Errors Number of Correct Transactions 12 10 92 71 68 83 The bank manager wanted to test whether the proportion of errors...

  • TABLE 4 A computer used by a 24-hour banking service is supposed to randomly assign each...

    TABLE 4 A computer used by a 24-hour banking service is supposed to randomly assign each transaction to one of 5 memory locations. A check at the end of a day's transactions gave the counts shown in the table to each of the 5 memory locations, along with the number of reported errors. Memory Location: 1 2 3 4 5 Total Number of Transactions: 82 100 74 92 102 450 Number of Reported Errors 11 12 6 9 10 48...

  • QUESTION 1 TABLE 12-4 A computer used by a 24-hour banking service is supposed to randomly...

    QUESTION 1 TABLE 12-4 A computer used by a 24-hour banking service is supposed to randomly assign each transaction to one of 5 memory locations. A check at the end of a day's transactions gave the counts shown in the table to each of the 5 memory locations, along with the number of reported errors. ory Location umber of Reported Errors umber of Correct Transactions 71 92 The bank manager wanted to test whether the proportion of errors in transactions...

  • == Programming Assignment == For this assignment you will write a program that controls a set...

    == Programming Assignment == For this assignment you will write a program that controls a set of rovers and sends them commands to navigate on the Martian surface where they take samples. Each rover performs several missions and each mission follows the same sequence: deploy, perform one or more moves and scans, then return to base and report the results. While on a mission each rover needs to remember the scan results, in the same order as they were taken,...

  • AO OUR CITY Department of the Treasury Service OMB Number Form 13614-C 2010 Intake/Interview & Quality...

    AO OUR CITY Department of the Treasury Service OMB Number Form 13614-C 2010 Intake/Interview & Quality Review Sheet You will need . Please complete pages 14 of this form, - Tax Information such as Forms W-2 100 100 1095 - You are responsible for the information on your return. Please provide - Social security cards or ITIN letters for persons on your tax retum complete and accurate information Picture D uchas valid driver's license for you and your spouse. ....

  • Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...

    Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...

  •   1. When it comes to financial matters, the views of Aristotle can be stated as:...

      1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back.  2. Since 2008, when the monetary base was about $800 billion,...

  • Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming...

    Case: Enron: Questionable Accounting Leads to CollapseIntroductionOnce upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant “E,” slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm laid off 4,000...

  • CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a...

    CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...

  • How can we assess whether a project is a success or a failure? This case presents...

    How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT