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A bank with a 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 p.m. lunch period. To do so, the waiting time (defined as the number of minutes that elapses from when the customer enters the line until he or she reaches the teller window) needs to be shortened to increase customer satisfaction. A random sample of 14 customers is selected and the waiting times are collected and stored in Bank1. These data are:
Suppose that another branch, located in a residential area, is also concerned with the noon-to-1 p.m. A random sample of 15 customers is selected and the waiting times are collected and stored in Bank2. These data are:
a. Is there evidence of a difference in the variability of the waiting time between two branches?
b. Determine the P-value in (a) and interpret its meaning.
c. What assumption about the population distribution of each bank is necessary in (a)? Is assumption valid for these data?
d. Based on the results of (a), is it appropriate to use the pooled-variance t test to compare the means of the two branches?
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Chapter 10 Solutions
EP BASIC BUS.STATS-ACCESS (18 WEEKS)
- Question 2 The data below provides the battery life of thirty eight (38) motorcycle batteries. 100 83 83 105 110 81 114 99 101 105 78 115 74 96 106 89 94 81 106 91 93 86 79 103 94 108 113 100 117 120 77 93 93 85 76 89 78 88 680 a. Test the hypothesis that mean battery life is greater than 90. Use the 1% level of significance. b. Determine if the mean battery life is different from 80. Use the 10% level of significance. Show all steps for the hypothesis test c. Would your conlcusion in part (b) change at the 5% level of significance? | d. Confirm test results in part (b) using JASP. Note: All JASP input files and output tables should be providedarrow_forwardSuppose that 80% of athletes at a certain college graduate. You randomly select eight athletes. What’s the chance that at most 7 of them graduate?arrow_forwardSuppose that you flip a fair coin four times. What’s the chance of getting at least one head?arrow_forward
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