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.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question

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
The image displays a table titled "Total processing time, in days" with two rows of numbers. The numbers indicate various processing times measured in days.

**First Row:**
70, 19, 16, 64, 28, 28, 31, 90, 56, 52, 28, 56, 22, 18

**Second Row:**
42, 57, 26, 17, 17, 91, 92, 63, 50, 51, 69, 16, 17

Below the table, there are two buttons labeled "Print" and "Done."

This data could be used to analyze the variability and average of processing times, which can inform process improvements and efficiency enhancements in various contexts.
Transcribed Image Text:The image displays a table titled "Total processing time, in days" with two rows of numbers. The numbers indicate various processing times measured in days. **First Row:** 70, 19, 16, 64, 28, 28, 31, 90, 56, 52, 28, 56, 22, 18 **Second Row:** 42, 57, 26, 17, 17, 91, 92, 63, 50, 51, 69, 16, 17 Below the table, there are two buttons labeled "Print" and "Done." This data could be used to analyze the variability and average of processing times, which can inform process improvements and efficiency enhancements in various contexts.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman