Answer
To achieve a 10% reduction in the average transaction time, we need to lower it to 371 seconds or 6 minutes and 11 seconds. Here’s how: The current average transaction time is 6 minutes and 52 seconds, which converts to seconds as follows: 6 minutes equals 360 seconds (since 1 minute is 60 seconds), plus the additional 52 seconds gives us a total of 412 seconds. To find the 10% reduction, we calculate 10% of 412 seconds: 412 – (0.10 √ó 412) = 412 – 41.2 = 370.8 seconds, which we round to 371 seconds. Converting this back to minutes gives us 6 minutes and 11 seconds.
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