A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a standard deviation of 12 seconds. Find the critical value to test whether the mean transaction time exceeds 60 seconds at α = .01.
A)2.947
B)2.602
C)2.583
D)2.333

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The Answer of A sample of 16 ATM transactions shows a mean transaction time of 67 seconds with a standard deviation of 12 seconds. Find the critical value to test whether the mean transaction time exceeds 60 seconds at α = .01.
A)2.947
B)2.602
C)2.583
D)2.333

A Sample of 16 ATM Transactions Shows a Mean Transaction