Solution) The Commercial Bank and Trust Company is studying the use of its automatic teller machines (ATMs). O
Question: The 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 below. 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 |
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Solution Format: Word Document
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