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The National Bank, like most other large banks, found that using automatic teller machines (ATMs) reduces...

The National Bank, like most other large banks, found that using automatic teller machines (ATMs) reduces the cost of routine bank transactions. National installed an ATM in the corporate offices of the Fun Toy Company. The ATM is for the exclusive use of Fun's 595 employees. After several months of operation, a sample of 100 employees revealed the following use of the ATM machine by Fun employees in a month:

Number of Times ATM Used	Frequency
0	15
1	20
2	10
3	15
4	15
5	25

a. What is the estimate of the proportion of employees who do not use the ATM in a month?

Proportion %:

b-1. For estimate of the proportion of employees who do not use the ATM in a month, develop a 80% confidence interval. (Round the final answers to 3 decimal places.)

80% confidence interval is _____and ______ .

b-2. Can National be sure that at least 40% of the employees of Fun Toy Company will use the ATM?

Yes or No?

c. How many transactions does the average Fun employee make per month? (Round the final answer to 2 decimal places.)

Total transactions ___________

d. Develop a 80% confidence interval for the mean number of transactions per month. (Round the final answers to 3 decimal places.)

80% confidence interval for the mean number of transaction per month is ____ and ______ .

e. Is it possible that the population mean is 0?

Yes or No?

Expert Solution

milcah answered 2 years ago

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