The board of a major credit card company requires that the mean wait time for customers when they call customer service is at most 5.00 minutes. To make sure that the mean wait time is not exceeding the requirement, an assistant manager tracks the wait times of 43 randomly selected calls. The mean wait time was calculated to be 5.79 minutes. Assuming the population standard deviation is 2.06 minutes. is there sufficient evidence to say that the mean wait time for customers is longer than 5.00 minutes with a 98 % level of confidence? Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places. E Tables E Keypad Answer Кеурad Keyboard Shortcuts () {} + %3D

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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**Text Transcription for Educational Use**

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**Scenario:**
The board of a major credit card company requires that the mean wait time for customers when they call customer service is at most 5.00 minutes. To ensure that the mean wait time does not exceed the requirement, an assistant manager tracks the wait times of 43 randomly selected calls. The mean wait time was calculated to be 5.79 minutes. Assuming the population standard deviation is 2.06 minutes, is there sufficient evidence to say that the mean wait time for customers is longer than 5.00 minutes with a 98% level of confidence?

**Step 2 of 3:**
Compute the value of the test statistic. Round your answer to two decimal places.

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**Diagram Explanation:**

The image includes a keypad interface for inputting mathematical symbols and expressions. The keypad features standard operations and symbols, including:
- Parentheses
- Operations (addition, subtraction, multiplication, division)
- Inequality symbols (>, <, ≥, ≤)
- Statistical symbols (σ for standard deviation, µ for mean)
- The square root symbol
- An exponentiation symbol (a^b)
- A fractions structure symbol

This interface is used to assist in calculating the required statistical test statistic, likely a z-test, due to the known population standard deviation. The blank box in the "Answer" section is designated for entering the calculated test statistic value.
Transcribed Image Text:**Text Transcription for Educational Use** --- **Scenario:** The board of a major credit card company requires that the mean wait time for customers when they call customer service is at most 5.00 minutes. To ensure that the mean wait time does not exceed the requirement, an assistant manager tracks the wait times of 43 randomly selected calls. The mean wait time was calculated to be 5.79 minutes. Assuming the population standard deviation is 2.06 minutes, is there sufficient evidence to say that the mean wait time for customers is longer than 5.00 minutes with a 98% level of confidence? **Step 2 of 3:** Compute the value of the test statistic. Round your answer to two decimal places. --- **Diagram Explanation:** The image includes a keypad interface for inputting mathematical symbols and expressions. The keypad features standard operations and symbols, including: - Parentheses - Operations (addition, subtraction, multiplication, division) - Inequality symbols (>, <, ≥, ≤) - Statistical symbols (σ for standard deviation, µ for mean) - The square root symbol - An exponentiation symbol (a^b) - A fractions structure symbol This interface is used to assist in calculating the required statistical test statistic, likely a z-test, due to the known population standard deviation. The blank box in the "Answer" section is designated for entering the calculated test statistic value.
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