A bank with a branch (Branch 1) located in a commercial district of a city has developed an improved process for serving customers during the noon-to-1 p.m. Iunch period. The waiting time (operationally defined as the time elapsed from when the customer enters the line until he or she reaches the teller window) needs to be shortened to increase customer satisfaction. A random sample of 15 customers is selected and the results (in minutes) are shown in the table on the left. In addition, suppose that another branch (Branch 2), located in a residential area, is also concerned with the noon-to-1 p.m. lunch period. A random sample of 15 customers is selected and the results are shown in the table on the left. Assuming that the population variances from both branches are equal, is there evidence of a significant difference in the mean waiting time between the two branches? Use alpha = 0.01. Solve this question using Excel. State the null & alternative hypotheses clearly. Interpret the Excel output and state your conclusion clearly. Provide all your results and comments on this sheet. Specifically, type in your answers in the spaces provided below: Please watch the videos (in Excel Lab 2.2a and Excel Lab 2.2b) related to hypothesis testing with two samples prior to attempting this question. Are the samples related (i.e. dependent) or independent? Null Hypothesis: Alternative Hypothesis: Interpretation of Excel output (Conclusion of Hypothesis test): Business implications:
A bank with a branch (Branch 1) located in a commercial district of a city has developed an improved process for serving customers during the noon-to-1 p.m. Iunch period. The waiting time (operationally defined as the time elapsed from when the customer enters the line until he or she reaches the teller window) needs to be shortened to increase customer satisfaction. A random sample of 15 customers is selected and the results (in minutes) are shown in the table on the left. In addition, suppose that another branch (Branch 2), located in a residential area, is also concerned with the noon-to-1 p.m. lunch period. A random sample of 15 customers is selected and the results are shown in the table on the left. Assuming that the population variances from both branches are equal, is there evidence of a significant difference in the mean waiting time between the two branches? Use alpha = 0.01. Solve this question using Excel. State the null & alternative hypotheses clearly. Interpret the Excel output and state your conclusion clearly. Provide all your results and comments on this sheet. Specifically, type in your answers in the spaces provided below: Please watch the videos (in Excel Lab 2.2a and Excel Lab 2.2b) related to hypothesis testing with two samples prior to attempting this question. Are the samples related (i.e. dependent) or independent? Null Hypothesis: Alternative Hypothesis: Interpretation of Excel output (Conclusion of Hypothesis test): Business implications:
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text:A
D
E
G
H
K
M
Branch 1 (u) Branch 2 (u,) A bank with a branch (Branch 1) located in a commercial district of a city has developed an improved
1
process for serving customers during the noon-to-1 p.m. lunch period. The waiting time (operationally
defined as the time elapsed from when the customer enters the line until he or she reaches the teller
window) needs to be shortened to increase customer satisfaction. A random sample of 15 customers is
selected and the results (in minutes) are shown in the table on the left. In addition, suppose that
another branch (Branch 2), located in a residential area, is also concerned with the noon-to-1 p.m.
lunch period. A random sample of 15 customers is selected and the results are shown in the table on
the left. Assuming that the population variances from both branches are equal, is there evidence of a
significant difference in the mean waiting time between the two branches? Use alpha = 0.01.
4.21
9.66
2
5.55
5.90
3
3.02
8.02
4
5.13
5.79
5
4.77
8.73
6
Solve this question using Excel. State the null & alternative hypotheses clearly. Interpret the Excel
output and state your conclusion clearly. Provide all your results and comments on this sheet.
Specifically, type in your answers in the spaces provided below:
2.34
3.82
7
3.54
8.01
8
3.20
8.35
Please watch the videos (in Excel Lab 2.2a and Excel Lab 2.2b) related to hypothesis testing with two
samples prior to attempting this question.
9
4.50
10.49
10
6.10
6.68
11
Are the samples related (i.e. dependent) or independent?
0.38
5.64
12
5.12
4.08
13
Null Hypothesis:
6.46
6.17
14
6.19
9.91
15
3.79
5.47
Alternative Hypothesis:
16
17
18
Interpretation of Excel output (Conclusion of Hypothesis test):
19
20
21
Business implications:
22
23
24
25
Q1_CarMakers_10pts
Q2_GroceryPrices_40pts
Q3_WaitTimes_40pts
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