A bank manager is interested in if the mean time it takes for customers to beserved at their branch is 8 minutes. Having taken a random sample of customerwaiting times, the manager performs a hypothesis test and finds a p-value of0.03. At the 5% significance level, the conclusion of the test will be:A.B.C.D.E.As only the p-value is provided, there is not enough information to beable to decide whether to reject or not reject the null hypothesis at the5% significance level.The results suggest that, at the 5% significance level, the populationmean waiting time is not 8 minutes.The results suggest that, at the 5% significance level, the populationmean waiting time is in fact 0.03 minutes.The results suggest that, at the 5% significance level, the manager isunable to reject the null hypothesis, that the population mean waitingtime is 8 minutes.None of the above.The mean represents:A. the arithmetic average of a data distributionB. the degree of kurtosisC. the most frequently occurring value in a distributionD. the degree of skewnessE. the midpoint of a data distribution

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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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