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Brian Vanecek, VP of Operations at Portland Trust Bank, is evaluating the service level provided to walk-in customers. Accordingly, his staff recorded the waiting times
Brian Vanecek, VP of Operations at Portland Trust Bank, is evaluating the service level provided to walk-in customers. Accordingly, his staff recorded the waiting times for 45 randomly selected walk-in customers, and calculated that their mean waiting time was 15 minutes. If Brian concludes that the average waiting time for all walk-in customers is 15 minutes, he is using a ________. a. a statistical parameter b. an interval estimate c. a point estimate d. an exact estimate e. a range estimate
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