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A national grocers magazine reports the typical shopper spends 5 minutes in line waiting to check out. A sample of 15 shoppers at the local
A national grocers magazine reports the typical shopper spends 5 minutes in line waiting to check out. A sample of 15 shoppers at the local Farmer Jacks showed a mean of 4.2 minutes with a standard deviation of 3.8 minutes.
Is the waiting time at the local Farmer Jacks less than that reported in the national magazine? Use the 0.010 significance level.
a. What is the decision rule? (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) A national grocers magazine reports the typical shopper spends 5 minutes in line waiting to check out. A sample of 15 shoppers at the local Farmer Jacks showed a mean of 4.2 minutes with a standard deviation of 3.8 minutes.
b. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
Is the waiting time at the local Farmer Jacks less than that reported in the national magazine? Use the 0.010 significance level.
a. What is the decision rule? (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) A national grocers magazine reports the typical shopper spends 5 minutes in line waiting to check out. A sample of 15 shoppers at the local Farmer Jacks showed a mean of 4.2 minutes with a standard deviation of 3.8 minutes.
b. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
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