Atm Business

tmSlide One- One Sample Hypothesis Testing Research & Evaluation II-date our names & teachers name

Slide two-One Sample Hypothesis Testing

Hypothesis testing is used to test a theory/educated guess that are first thought to be true or false.

Systematic way of testing a hypothesis can be done by surveys, observations, calculations, past proven founding’s from prior testing’s etc…

A one sample test is a hypothesis test for answering questions about the mean where the data are a random sample of independent observations from an underlying normal distribution

Slide three-Team Hypothesis

Our Hypothesis—Whether ATM machines are trying to replace bank tellers by testing the number of transactions a machine has per day.

History

The idea of self-service in banking developed through independent and simultaneous efforts in Japan, Sweden, the United States and the United Kingdom.

In the USA, Luther George Simjian is credited with developing and building the first cash dispenser machine.

Simjian worked on device before 1959 while his 132nd patent (US3079603) was first filed on 30 June 1960 and granted 26 February 1963.

Financial Networks

Most ATMs are connected to interbank networks

People can withdraw and deposit money from machines literally from anywhere

People’s accounts do not have to be with that specific bank or even in the specific country

Cash is withdrawn in local currency

Global Use

Globally there are no exact international or government-compiled numbers totaling the complete number of ATMs in use worldwide.

Estimates developed place the number of ATMs in use currently at over 1.8 million.

The world's most northerly installed ATM is located at Longyearbyen, Svalbard, Norway.

The world's most southerly installed ATM is located at McMurdo Station, Antarctica.

An automated teller machine (ATM), also known as an automated banking machine (ABM) or Cash Machine is a computerized telecommunications device that provides clients of a...