Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9.74 A bank branch located in a commercial district of a city has the business objective of improving the process for serving customers during the

image text in transcribed
image text in transcribed
9.74 A bank branch located in a commercial district of a city has the business objective of improving the process for serving customers during the noon-to- l :00 pm. lunch period. The waiting time (dened as the time the customer enters the line until he or she reaches the teller window) of a random sample of 15 customers is collected, and the results are organized and stored in m. These data are: 4.21 5.55 3.02 5.13 4.77 2.34 3.54 3.20 4.50 6.10 0.38 5.12 6.46 6.19 3.79 a. At the 0.05 level of signicance, is there evidence that the population mean waiting time is less than 5 minutes? b. What assumption about the population distribution is needed in order to conduct the I test in (a)? c. Construct a boxplot or a normal probability plot to evaluate the assumption made in (b). (1. Do you think that the assumption needed in order to conduct the I test in (a) is valid? Explain. e. As a customer walks into the branch ofce during the lunch hour. she asks the branch manager how long she can expect to wait. The branch manager replies. \"Almost certainly not longer than 5 minutes.\" On the basis of the results of (a), evaluate this statement

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus Enhanced With Graphing Utilities (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134273125, 9780134273129

More Books

Students also viewed these Mathematics questions