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a. A financial company is running a training program where participants learn how to conduct a fast but effective financial needs analysis of the clients. The goal is to have participants achieve an average time of 40 minutes per client, with an acceptable tolerance of +/- 5 minutes. Test results for two participants were: Richard, a mean of 41 minutes and a standard deviation of 2 minutes; Woo, a mean of 40 minutes and a standard deviation of 1.5 minutes. Which of the participants would you judge to be capable?

a. A financial company is running a training program where participants learn how to conduct a fast but effective financial needs analysis of the clients. The goal is to have participants achieve an average time of 40 minutes per client, with an acceptable tolerance of +/- 5 minutes. Test results for two participants were: Richard, a mean of 41 minutes and a standard deviation of 2 minutes; Woo, a mean of 40 minutes and a standard deviation of 1.5 minutes. Which of the participants would you judge to be capable?

MATLAB: An Introduction with Applications
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. A financial company is running a training program where participants learn how to conduct a fast but effective financial needs analysis of the clients. The goal is to have participants achieve an average time of 40 minutes per client, with an acceptable tolerance of +/- 5 minutes. Test results for two participants were: Richard, a mean of 41 minutes and a standard deviation of 2 minutes; Woo, a mean of 40 minutes and a standard deviation of 1.5 minutes. Which of the participants would you judge to be capable?
Transcribed Image Text:a. A financial company is running a training program where participants learn how to conduct a fast but effective financial needs analysis of the clients. The goal is to have participants achieve an average time of 40 minutes per client, with an acceptable tolerance of +/- 5 minutes. Test results for two participants were: Richard, a mean of 41 minutes and a standard deviation of 2 minutes; Woo, a mean of 40 minutes and a standard deviation of 1.5 minutes. Which of the participants would you judge to be capable?
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