Question
Recall that Table 1.9 presents the waiting times for teller service during peak business hours of 100 randomly selected bank customers. Figures 3.9 and 3.12
Recall that Table 1.9 presents the waiting times for teller service during peak business hours of 100 randomly selected bank customers. Figures 3.9 and 3.12 give the MINITAB and Excel outputs of statistics describing the 100 waiting times.
Click here for the Excel Data File
(a-1) Find the sample mean on the outputs. (Round your answer to 2 decimal places.)
(a-2) Does the sample mean provide some evidence that the mean of the population of all possible customer waiting times during peak business hours is less than six minutes (as is desired by the bank manager)?
(b) Find the sample median on the outputs. How do the mean and median compare? What does the histogram in Figure 2.16 tell you about why they compare this way? (Round your answer to 2 decimal places.)
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