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A manager of a local bank claims that average waiting time of the entire population of their customers is 2 minutes. The waiting times are
A manager of a local bank claims that average waiting time of the entire population of their customers is 2 minutes. The waiting times are exponentially distributed. Since there were many complains through customer satisfaction surveys, headquarters send someone for inspection. He observed a random sample of 43 customers and found the average waiting time to be 2.9 minutes. Based on inspector's findings, what can we say about the manager's claim?
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