A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Us...
A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Use P-values to test the local bank claim. Use a "alpha" = 0.05
Local Bank: n1= 45. x1= 5.3 minutes. s1= 1.1 minutes.
Competitor bank: n2= 50. x2= 23. s2= 1.9.
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A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Us...
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A study is conducted to find out whether the wait times at two local banks are different. The sample statistics are listed below. Test whether the wait times are the same or different assuming that 0,=02. Use a = 0.05. Bank 1 Bank 2 ni = 15 n2 = 16 Ij = 5.3 minutes T2 = 5.6 minutes $1 1.1 minutes 82 1.0 minutes
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