Suppose a grocery store is considering the purchase of a new self-checkout machine that will get customers through the checkout line faster than their current machine. Before he spends the money on the equipment, he wants to know how much faster the customers will check out compared to the current machine. The store manager recorded the checkout times, in seconds, for a randomly selected sample of checkouts from each machine. The summary statistics are provided in the table.GroupDescriptionSamplesizeSamplemean (min)Sample standarddeviation (min)Standard errorestimate (min)1old machine?1=51x¯1=128.4s1=29.8SE1=4.172832new machine?2=48x¯2=113.0s2=24.2SE2=3.49297 df=94.99897 Compute the lower and upper limits of a 95% confidence interval to estimate the difference of the mean checkout times for all customers. Estimate the difference for the old machine minus the new machine, so that a positive result reflects faster checkout times with the new machine. Use the Satterthwaite approximate degrees of freedom, 94.99897. Give your answers precise to at least three decimal places.

Answered: Suppose a grocery store is considering…

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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Suppose a grocery store is considering the purchase of a new self-checkout machine that will get customers through the checkout line faster than their current machine. Before he spends the money on the equipment, he wants to know how much faster the customers will check out compared to the current machine. The store manager recorded the checkout times, in seconds, for a randomly selected sample of checkouts from each machine. The summary statistics are provided in the table.

Group	Description	Sample size	Sample mean (min)	Sample standard deviation (min)	Standard error estimate (min)
1	old machine	?1=51	x¯1=128.4	s1=29.8	SE1=4.17283
2	new machine	?2=48	x¯2=113.0	s2=24.2	SE2=3.49297

df=94.99897

Compute the lower and upper limits of a 95% confidence interval to estimate the difference of the mean checkout times for all customers. Estimate the difference for the old machine minus the new machine, so that a positive result reflects faster checkout times with the new machine. Use the Satterthwaite approximate degrees of freedom, 94.99897. Give your answers precise to at least three decimal places.

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