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. State the null and alternative hypotheses, the significance level, the critical value, the test statistic, the decision and conclusion. Local Bank Competitor Bank Sample size nị = 46 n2 = 50 Average waiting time in minutes for each sample X1 = 2. 3 mins. X1 = 2.6 mins. Sample Standard Deviation Si = 1.1 mins S2 = 1.0 mins. of each Sample

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. State the null and alternative hypotheses, the significance level, the critical value, the test statistic, the decision and conclusion. Local Bank Competitor Bank Sample size nị = 46 n2 = 50 Average waiting time in minutes for each sample X1 = 2. 3 mins. X1 = 2.6 mins. Sample Standard Deviation Si = 1.1 mins S2 = 1.0 mins. of each Sample

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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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

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. State the null and alternative hypotheses, the
significance level, the critical value, the test statistic, the
decision and conclusion.
Local Bank
Competitor Bank
Sample size
nị = 46
n2 = 50
Average waiting time in
minutes for each sample
X1
= 2. 3 mins.
X1 = 2.6 mins.
Sample Standard Deviation
Si = 1.1 mins
S2 = 1.0 mins.
of each Sample

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