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 a significance level of .05 and assume the variances are equal. Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor Bank n2=50 Average waiting time in minutes for each sample X¯¯¯1=2.3 mins. X2__ =2.6 Sample Standard Deviation of each Sample s1= 1.1 mins s2=1.0 mins. Are the samples dependent or independent? answered State your Null/Alternative hypotheses? Answered What is the test-statistic? Answered What is the p-value? answered What are the critical values? answered Does the test-statistic lie in the rejection region? answered Interpret the Result? Does the result change for a different value of alpha? Explain?
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 a significance level of .05 and assume the variances are equal. Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor Bank n2=50 Average waiting time in minutes for each sample X¯¯¯1=2.3 mins. X2__ =2.6 Sample Standard Deviation of each Sample s1= 1.1 mins s2=1.0 mins. Are the samples dependent or independent? answered State your Null/Alternative hypotheses? Answered What is the test-statistic? Answered What is the p-value? answered What are the critical values? answered Does the test-statistic lie in the rejection region? answered Interpret the Result? Does the result change for a different value of alpha? Explain?
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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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 a significance level of .05 and assume the variances are equal.
Sample statistics for a local bank and a competitor's bank
|
|
Local Bank n1=46 |
Competitor Bank n2=50 |
|---|---|---|
| Average waiting time in minutes for each sample | X¯¯¯1=2.3 mins. | X2__ =2.6 |
| Sample Standard Deviation of each Sample | s1= 1.1 mins | s2=1.0 mins. |
- Are the samples dependent or independent? answered
- State your Null/Alternative hypotheses? Answered
- What is the test-statistic? Answered
- What is the p-value? answered
- What are the critical values? answered
- Does the test-statistic lie in the rejection region? answered
- Interpret the Result?
- Does the result change for a different value of alpha? Explain?
Transcribed Image Text:General Ed. task
) The Samples are indeperdent
D Nall d At. Hepothesis.
Ho tl, = Uz
t=2.3-2.6
3)
10-2
4)P-value: O.8H
Lef tailed
5critial value: -L.lolel
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