During a period of one​ month, a random sample of 27 approved life insurance policies is​ selected, and the total processing​ time, in​ days, is recorded as shown in the data table below. 1. In the​ past, the mean processing time was 41 days. At the 0.05 level of​ significance, is there evidence that the mean processing time has changed from 41 ​days? State the null and alternative hypotheses. H0: H1: Determine the test statistic.   The test statistic is ___.   the t critical is t.α​/2, n-1... if the t stat is less than t critical then reject ho State the conclusion.

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During a period of one​ month, a random sample of 27 approved life insurance policies is​ selected, and the total processing​ time, in​ days, is recorded as shown in the data table below.

1. In the​ past, the mean processing time was 41 days. At the 0.05 level of​ significance, is there evidence that the mean processing time has changed from 41 ​days?

State the null and alternative hypotheses.

H0:

H1:

Determine the test statistic.
 
The test statistic is ___.
 
the t critical is t.α​/2, n-1... if the t stat is less than t critical then reject ho
State the conclusion.
 
__A__ H0. There is __B__ evidence to conclude that the mean processing time has changed from 41 days. 
 
A: Reject or do not reject
B: insufficient or sufficient
 
2. What assumption about the population distribution is needed in order to conduct the t test in​ (a)?
 
A. The population distribution is approximately normal.
 
B. The population distribution is approximately uniform.
 
C. The population distribution is skewed.
 
 
3. Do you think that the assumption needed in order to conduct the t test in​ (a) is​ valid?
 
A. Yes, because the normal probability plot is a straight line. The population distribution is approximately normal.
 
B. Yes, because the normal probability plot is a straight line. The population distribution is approximately uniform.
 
C. No, because the normal probability plot is a straight line. The population distribution is not approximately uniform.
 
D. ​No, because the normal probability plot is not a straight line. The population distribution is not approximately norm
i More Info
Total processing time, in days
70
19 16
64
28
31
56
56 22 18
16
28
90
52
28
42
57 26
17
17
91
92
63 50
51
69
17
Print
Done
Transcribed Image Text:i More Info Total processing time, in days 70 19 16 64 28 31 56 56 22 18 16 28 90 52 28 42 57 26 17 17 91 92 63 50 51 69 17 Print Done
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