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STATS - GENERAL EDUCATION TASK ASSIGNMENT

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Question;GENERAL EDUCATION TASK ASSIGNMENT: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. Test the local bank?s claim. Use the information given below. Use? = 0.05. State the null and alternative hypotheses, the significance level, the critical value, the test statistic, the decision and conclusion.Local Bank Competitor BankSample size n1 = 45 n2 = 50Average Waiting 2.3 min. 2.6 min.time in minutesfor each sampleSample standard s1 = 1.1 min. s 2 = 1.0 min.Deviation of eachSampleuse alpha=0.05

 

Paper#61387 | Written in 18-Jul-2015

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