Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A bank manager has developed a new system to reduce customers' waiting times in the bank queue during peak hours. Administrator has waiting time for

A bank manager has developed a new system to reduce customers' waiting times in the bank queue during peak hours. Administrator has waiting time for the new system

He hopes that it will reduce the waiting time from 9-10 minutes to less than 6 minutes. Construct the necessary zero and alternative hypotheses when we want to provide evidence to support the claim that u is less than 6 minutes to express the average waiting time in the new system. The sample mean and standard deviation of the waiting times of 100 bank customers is = 5.46 and s = 2.475.

a) What would be the test statistic value to test the hypothesis with a = 0.05?

b) If the hypothesis is tested, what will be the decision?

HO is denied

HO cannot be denied

c)What would be the critical value for testing the hypothesis?

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

Discrete Mathematics With Applications

Authors: Susanna S Epp

5th Edition

0357035283, 9780357035283

More Books

Students also viewed these Mathematics questions

Question

List the eight general guidelines for proper coding.

Answered: 1 week ago

Question

Go, do not wait until I come

Answered: 1 week ago

Question

Make eye contact when talking and listening

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago