Question
Consider the e-billing case. The mean and the standard deviation of the sample of n = 65 payment times arex x = 18.1077 and s
Consider the e-billing case. The mean and the standard deviation of the sample of n = 65 payment times arex
x
= 18.1077 and s = 3.9612. TestH0:= 19.5 versusHa:< 19.5 by setting equal to .01 and using a critical value rule and assuming approximate normality. Also, interpret the (computer calculated)p-value of .0031 for the test.
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Essentials Of Business Statistics
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
5th Edition
978-1259688867, 1259688860, 78020530, 978-0078020537
