practe question #2. The average wait time for a ride at Disney World is 36 minutes. You are thinking about purchasing a Fastpass to see if it significantly shortens the wait time. You are debating because the Fastpass is expensive. a. What hypotheses should you use to test this claim about the Fastpass and wait times? (Set the hypotheses up with proper notation, but we will not perform a test) b. Explain what a Type I error and Type II error would be in this case (explain in context of the problem). Which one do you think is worse and why? We may be able to accept either answer based on your explanation.
practe question #2. The average wait time for a ride at Disney World is 36 minutes. You are thinking about purchasing a Fastpass to see if it significantly shortens the wait time. You are debating because the Fastpass is expensive. a. What hypotheses should you use to test this claim about the Fastpass and wait times? (Set the hypotheses up with proper notation, but we will not perform a test) b. Explain what a Type I error and Type II error would be in this case (explain in context of the problem). Which one do you think is worse and why? We may be able to accept either answer based on your explanation.
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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practe question #2. The average wait time for a ride at Disney World is 36 minutes. You are thinking about purchasing a Fastpass to see if it significantly shortens the wait time. You are debating because the Fastpass is expensive.
a. What hypotheses should you use to test this claim about the Fastpass and wait times? (Set the hypotheses up with proper notation, but we will not perform a test)
b. Explain what a Type I error and Type II error would be in this case (explain in context of the problem). Which one do you think is worse and why? We may be able to accept either answer based on your explanation.
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