Question 1 of 30
A financial services company is monitoring its business transactions to ensure optimal performance and user experience. They have identified a critical transaction that involves a series of steps: user authentication, data retrieval, and transaction processing. The average response time for this transaction is currently 2.5 seconds, but the company aims to reduce it to under 1.5 seconds. If the company implements a new caching mechanism that is expected to reduce the data retrieval time by 40% and the transaction processing time by 30%, what will be the new average response time for the transaction, assuming the user authentication time remains constant at 0.5 seconds?
1.8 seconds
2.0 seconds
2.2 seconds
2.4 seconds

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