Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bank manager is interested to know what proportion ofcustomerswait more than 6 minutes before they get to a teller.Her teamhas collected data on 1000 customers

Bank manager is interested to know what proportion ofcustomerswait more than 6 minutes before they get to a teller.Her teamhas collected data on 1000 customers and the data is available in this file:Bank_Wait_Time.xlsx

Based on this data what is the average proportion of customers who wait more than 6 minutes?

What is the upper value of 95% confidence interval for the average proportionof customers who wait more than 6 minutes before getting to a teller?

What is the margin of error for the 95% confidence interval of proportion of customers who wait more than 6 minutes before they get to a teller?

Wait Time
3.76
3.51
2.85
2.79
2.90
4.98
5.57
0.41
4.34
4.18
11.24
3.30
4.35
5.47
2.87
6.85
7.17
1.45
6.55
9.03
4.66
6.55
5.21
4.14
8.98
6.02
3.76
0.92
7.60
6.70
3.37
1.46
9.66
8.26
5.61
6.15
6.76
7.73
4.63
0.20
4.75
8.66
2.85
8.34
8.50
11.35
5.04
6.44
8.71
12.56
4.20
2.22
5.47
7.03
10.34
2.91
5.72
1.79
2.68
2.49
3.98
4.65
5.31
6.35
5.35
3.71
6.47
11.58
4.99
4.47
7.57
5.41
5.30
4.09
5.23
6.85
3.57
7.38
5.39
7.09
1.03
6.75
7.83
4.79
0.43
7.74
5.74
8.29
1.74
3.34
7.64
2.36
3.98
6.05
7.09
4.14
3.62
2.28
4.96
2.06
5.56
6.82
8.52
4.91
7.20
2.75
11.82
6.05
7.61
5.75
4.02
4.65
4.26
9.19
8.13
4.92
1.99
10.03
2.87
5.04
8.70
3.44
6.31
2.81
6.75
8.91
5.53
8.42
11.12
5.20
3.21
9.13
8.77
4.07
7.27
7.04
6.87
4.60
5.52
7.92
8.69
6.93
7.68
7.58
1.45
7.79
5.83
8.37
5.48
9.01
10.00
6.68
6.26
5.93
5.49
7.20
3.24
6.47
3.81
2.82
8.15
4.60
8.45
0.67
4.82
2.49
5.72
4.21
1.35
9.14
1.08
3.42
6.18
4.83
2.13
3.69
0.67
5.65
5.97
0.60
8.10
0.81
3.06
5.14
1.57
8.17
8.11
8.10
3.55
6.48
5.73
6.99
2.29
2.20
9.66
4.42
5.16
8.84
4.70
8.10
8.09
1.83
4.95
7.76
6.97
4.16
3.37
7.32
2.91
4.69
2.65
5.30
6.21
4.19
8.62
4.84
5.27
8.27
6.75
7.62
11.40
5.48
8.65
2.81
4.68
2.47
4.90
2.14
4.70
11.87
5.45
0.63
4.76
2.52
7.43
3.60
8.35
7.72
3.28
4.84
6.84
8.38
10.41
3.32
8.91
5.00
4.88
2.73
3.41
5.59
5.44
4.51
6.05
4.84
9.86
8.40
5.65
10.12
6.78
1.91
3.90
5.07
2.21
5.07
3.55
5.91
9.19
4.71
5.47
10.62
3.24
11.59
3.25
6.96
5.03
6.55
7.50
6.94
8.56
3.37
0.48
7.92
4.03
6.31
6.93
3.57
4.72
4.12
7.08
5.12
8.43
5.04
9.79
7.61
5.52
5.25
3.78
0.41
3.33
6.25
7.02
5.85
4.46
5.25
5.13
6.74
3.50
6.69
9.31
3.24
6.74
9.92
9.97
1.97
6.38
3.38
10.05
5.64
7.22
6.35
5.36
4.60
5.89
6.38
2.88
5.36
9.26
5.55
6.20
4.59
4.68
6.91
5.90
7.76
7.68
5.06
5.75
7.28
6.97
5.55
9.19
5.42
1.49
7.58
4.25
6.56
6.47
0.69
7.18
5.26
7.71
1.55
5.29
7.60
7.58
6.58
3.61
4.92
7.49
7.92
7.01
5.46
7.72
7.89
7.02
7.83
7.79
5.87
8.09
1.42
7.58
7.32
1.78
8.54
4.86
8.42
6.08
1.63
9.14
5.74
2.72
8.39
4.03
6.86
6.95
9.89
3.84
8.15
4.88
3.64
4.72
6.47
4.33
5.87
5.13
5.91
7.27
3.73
6.25
4.69
1.11
8.49
8.09
5.71
5.34
4.88
13.82
4.74
6.66
0.50
6.68
5.09
1.75
4.21
8.54
5.56
5.78
3.78
1.76
10.05
6.50
3.74
1.90
11.29
4.71
7.78
6.48
8.18
9.66
4.81
5.22
4.29
1.68
6.65
7.76
3.71
9.77
6.12
4.70
4.23
6.84
4.99
5.81
8.92
3.95
8.11
5.30
4.66
5.54
2.49
10.05
3.26
7.27
4.76
4.62
8.94
2.96
7.05
4.95
2.67
5.15
3.77
6.39
7.01
2.63
10.81
2.86
7.31
3.90
7.26
8.16
6.29
1.73
3.32
7.24
6.25
3.14
4.69
7.49
1.72
5.30
4.10
3.22
0.52
4.01
3.75
6.36
4.14
3.74
8.20
3.37
3.08
0.37
5.29
5.55
8.13
7.01
6.44
8.03
4.76
5.86
3.37
1.76
4.51
5.88
2.53
4.11
4.89
3.35
8.14
9.92
4.30
9.09
5.38
10.46
6.00
3.85
0.01
3.18
5.28
5.20
8.41
2.41
4.88
5.86
5.55
4.30
6.77
4.34
2.81
2.32
8.54
3.83
4.35
2.80
5.79
4.88
2.89
8.18
7.02
1.91
7.52
12.83
9.27
2.11
4.39
3.81
7.86
7.23
4.92
4.71
5.39
3.86
7.52
7.04
5.28
5.66
4.01
5.95
5.54
4.50
2.00
2.00
1.90
7.35
3.05
5.48
6.14
5.92
5.84
3.91
6.54
7.58
3.43
6.14
8.37
3.68
4.78
4.95
7.88
7.01
3.45
9.09
7.47
3.55
3.38
9.85
5.19
5.60
6.15
4.00
6.27
5.72
4.24
8.08
9.44
2.33
0.50
5.65
6.11
1.30
6.22
9.08
3.23
6.60
4.99
1.08
5.96
4.17
2.26
4.86
1.14
1.33
0.43
3.61
4.92
5.32
9.69
5.37
5.76
3.65
6.40
3.49
9.16
5.29
4.46
2.35
6.47
0.04
7.60
6.42
5.65
2.48
7.23
7.58
6.66
7.43
4.99
6.23
4.71
5.50
1.51
6.58
4.37
4.71
2.64
6.90
4.20
5.04
1.74
5.59
4.40
2.84
3.40
3.38
3.62
13.79
8.07
1.85
7.32
1.56
2.78
4.22
4.06
4.34
5.94
4.65
9.50
2.66
8.03
6.55
5.70
4.45
0.10
3.50
9.69
2.95
5.18
8.13
4.29
7.46
6.84
7.72
7.71
5.63
7.20
2.06
3.55
4.00
6.58
5.58
3.92
5.90
4.04
11.09
6.65
5.54
7.60
6.48
3.21
10.72
11.19
5.79
3.39
6.08
8.41
5.87
6.14
6.15
5.97
2.86
3.45
5.59
3.30
6.52
4.79
4.87
4.96
7.19
5.58
6.89
7.45
6.94
5.62
6.42
2.75
3.45
4.99
7.46
4.51
3.40
11.18
2.97
7.64
6.53
5.11
4.36
6.93
7.29
4.53
7.00
7.12
2.51
6.40
8.38
3.85
8.26
8.31
6.20
10.24
2.41
6.31
0.05
4.44
5.54
4.33
3.32
4.01
5.54
2.63
5.83
3.94
2.14
4.76
7.10
8.67
5.08
3.57
8.42
7.17
4.94
6.72
4.23
8.08
4.37
3.29
4.92
7.36
7.41
5.31
7.20
8.15
2.29
10.72
3.05
6.31
3.67
8.18
8.48
9.10
5.26
4.34
5.44
7.38
9.20
7.45
6.99
5.71
4.36
4.98
8.43
4.53
6.29
5.57
8.87
5.17
4.64
4.37
9.17
4.15
3.98
7.70
3.51
3.02
6.80
8.80
5.04
2.45
7.43
7.03
3.17
9.99
6.66
5.09
5.86
3.72
8.28
0.33
8.56
6.35
7.79
7.75
3.66
1.53
1.35
2.57
8.53
7.17
8.17
5.10
5.76
5.61
7.22
9.02
3.02
6.36
8.86
6.37
4.54
4.87
5.90
9.40
4.23
9.18
7.57
7.62
12.38
3.25
5.94
4.17
7.54
7.35
5.15
2.28
2.57
5.86
8.28
3.60
4.62
6.23
5.22
7.69
6.30
5.78
3.07
3.67
5.76
6.69
7.36
4.26
7.28
3.90
5.70
8.71
4.12
0.15
5.39
6.58
4.40
4.14
3.77
4.05
7.37
3.21
7.16
8.24
0.14
6.79
7.52
9.23
3.78
5.95
8.02
6.40
8.04
6.35
10.41
6.04
2.11
4.63
4.53
10.44
7.33
6.26
3.01
5.04
9.24
1.87
5.12
3.19
4.61
4.89
6.30
1.18
9.60
7.19
4.27
6.18
6.58
5.37
1.69
7.33
3.65
7.55
7.10
0.85
2.87
3.42
3.25
3.64
4.25
4.84
7.13
6.05
7.26
5.84
5.24
7.11
7.72
6.18
4.85
4.79
3.16
5.57
10.74
8.95
3.61
0.65
7.21
7.10
2.36
1.66
5.25
6.50
7.46
2.53
8.54
11.33
7.21
7.83
4.36
7.71
5.48
2.95
2.01
0.95
4.91
4.20
10.11
5.33
4.13
7.43
2.56
3.90
2.79
7.32
2.43
8.35
4.06
3.48
6.94
5.95
6.39
7.27
4.09
9.16
3.03
0.88
1.80
5.07

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

Time Series Analysis With Applications In R

Authors: Jonathan D Cryer, Kung Sik Chan

2nd Edition

038775959X, 9780387759593

More Books

Students also viewed these Mathematics questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago