Prob4 bank branch located in a commercial district of a city has the business objective of improving the process for serving customers during the noon-to-1:00p.m. lunch period. The waiting time (defined as the time the customer enters the line until he or she reaches the teller window) of a random sample of 15 customers is collected, and the results are organized and stored in Bank1. These data are: 4.21 5.55 3.02 5.13 4.77 2.34 3.54 3.20 4.50 6.10 0.38 5.12 6.46 6.19 3.79 a. At the 0.05 level of significance, is there evidence that the population mean waiting time is less than 5 minutes? b. What assumption about the population distribution is needed in order to conduct the r test in (a)? e. Construct a boxplot or a normal probability plot to evaluate the assumption made in (b). d. Do you think that the assumption needed in order to conduct the test in (a) is valid? Explain. e. As a customer walks into the branch office during the lunch hour, she asks the branch manager how long she can expect to wait. The branch manager replies, "Almost certainly not longer than 5 minutes." On the basis of the results of (a), evaluate this statement.
Prob4 bank branch located in a commercial district of a city has the business objective of improving the process for serving customers during the noon-to-1:00p.m. lunch period. The waiting time (defined as the time the customer enters the line until he or she reaches the teller window) of a random sample of 15 customers is collected, and the results are organized and stored in Bank1. These data are: 4.21 5.55 3.02 5.13 4.77 2.34 3.54 3.20 4.50 6.10 0.38 5.12 6.46 6.19 3.79 a. At the 0.05 level of significance, is there evidence that the population mean waiting time is less than 5 minutes? b. What assumption about the population distribution is needed in order to conduct the r test in (a)? e. Construct a boxplot or a normal probability plot to evaluate the assumption made in (b). d. Do you think that the assumption needed in order to conduct the test in (a) is valid? Explain. e. As a customer walks into the branch office during the lunch hour, she asks the branch manager how long she can expect to wait. The branch manager replies, "Almost certainly not longer than 5 minutes." On the basis of the results of (a), evaluate this statement.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps with 5 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning