A bank manager wants the average time that a customer waits in line to be at most 3 minutes. Customers at the bank have complained about the long wait times. To test whether the average wait time at the bank is greater than 3 minutes, 60 customers were randomly selected as they entered the bank and their wait times were recorded. The mean wait time was 4.7 minutes. A one-sample t-test resulted in a p-value of 0.00031. Which of the following is an appropriate interpretation of the p-value? The probability that the population mean wait time is greater than 3 A minutes is 0.00031. The probability that the sample mean wait time is greater than 3 minutes is В 0.00031. If the population mean wait time is greater than 3 minutes, the probability of observing a sample mean wait time C of 4.7 minutes or more is 0.00031. If the population mean wait time is 3 minutes, the probability of observing a sample mean wait time of 4.7 minutes is 0.00031. If the population mean wait time is 3 minutes, the probability of observing a sample mean wait time of 4.7 minutes or more is 0.00031.
A bank manager wants the average time that a customer waits in line to be at most 3 minutes. Customers at the bank have complained about the long wait times. To test whether the average wait time at the bank is greater than 3 minutes, 60 customers were randomly selected as they entered the bank and their wait times were recorded. The mean wait time was 4.7 minutes. A one-sample t-test resulted in a p-value of 0.00031. Which of the following is an appropriate interpretation of the p-value? The probability that the population mean wait time is greater than 3 A minutes is 0.00031. The probability that the sample mean wait time is greater than 3 minutes is В 0.00031. If the population mean wait time is greater than 3 minutes, the probability of observing a sample mean wait time C of 4.7 minutes or more is 0.00031. If the population mean wait time is 3 minutes, the probability of observing a sample mean wait time of 4.7 minutes is 0.00031. If the population mean wait time is 3 minutes, the probability of observing a sample mean wait time of 4.7 minutes or more is 0.00031.
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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Transcribed Image Text:A bank manager wants the average time that a
customer waits in line to be at most 3 minutes.
Customers at the bank have complained about the long
wait times. To test whether the average wait time at the
bank is greater than 3 minutes, 60 customers were
randomly selected as they entered the bank and their
wait times were recorded. The mean wait time was 4.7
minutes. A one-sample t-test resulted in a p-value of
0.00031.
Which of the following is an appropriate interpretation
of the p-value?
The probability that the population
mean wait time is greater than 3
A
minutes is 0.00031.
The probability that the sample mean
wait time is greater than 3 minutes is
В
0.00031.
If the population mean wait time is
greater than 3 minutes, the probability
of observing a sample mean wait time
of 4.7 minutes or more is 0.00031.
If the population mean wait time is 3
minutes, the probability of observing a
sample mean wait time of 4.7 minutes
is 0.00031.
If the population mean wait time is 3
minutes, the probability of observing a
E
sample mean wait time of 4.7 minutes
or more is 0.00031.
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