A bank manager wanted to double-check her claim that recent process improvements have reducedcustomer wait times to an average of 3.1 minutes, with a standard deviation of 0.8 minutes. To test this,she randomly sampled 25 customers and recorded their wait times. The average wait time of thecustomers in the sample was 3.5 minutes. Assuming the claim about wait time is true, what is theprobability that a random sample of n = 25 customers would have a sample mean as large as or greaterthan 3.5 minutes? What should the manager conclude about her claim?P(x23.5)= (Round to four decimal places as needed.)What conclusion should the manager draw about her claim of improved service times?OA. The manager is overestimating wait times.OB. The customers are overestimating wait times.OC. The manager is underestimating wait times.OD. The manager is accurately estimating wait times.

Answered: Image /qna-images/answer/a74a46c9-38db-49cf-83b8-8c27a331d436.jpg

Answered: A bank manager wanted to double-check…

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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A college entrance exam company determined that a score of 24 on the mathematics portion of the exam suggests that a student is ready for college-level mathematics. To achieve this goal, the company recommends that students take a core curriculum of math courses in high school. Suppose a random sample of 250 students who completed this core set of courses results in a mean math score of 24.4 on the college entrance exam with a standard deviation of 3.1. Do these results suggest that students who complete the core curriculum are ready for college-level mathematics? That is, are they scoring above 24 on the mathematics portion of the exam? Complete parts a) through d) below. *** b) Verify that the requirements to perform the test using the t-distribution are satisfied. Check all that apply. A. The sample size is larger than 30. B. The students were randomly sampled. C. A boxplot of the sample data shows no outliers. D. The students' test scores were independent of one another. E. The…
Alberti Abbasi, VP of Operations at Ingleside International Bank, is evaluating the service level provided to walk-in customers. Accordingly, he plans a sample of waiting times for walk-in customers. If the population of waiting times has a mean of 15 minutes and a standard deviation of 4 minutes, the probability that Albert's sample of 64 will have a mean less than 14 minutes is?
Suppose the mean wait-time for a telephone reservation agent at a large airline is 45 seconds. A manager with the airline is concerned that business may be lost due to customers having to wait too long for an agent. To address this concern, the manager develops new airline reservation policies that are intended to reduce the amount of time an agent needs to spend with each customer. A random sample of 250 customers results in a sample mean wait-time of 44.4 seconds with a standard deviation of 4.2 seconds. Using a = 0.05 level of significance, do you believe the new policies were effective in reducing wait time? Do you think the results have any practical significance? Determine the null and alternative hypotheses. Ho: H₁: ▼ = ▼ Calculate the test statistic. 45 seconds 45 seconds (Round to two decimal places as needed.) Calculate the P-value. P-value= (Round to three decimal places as needed.) State the conclusion for the test. OA. Reject Ho because the P-value is less than the a= 0.05…
A college entrance exam company determined that a score of 24 on the mathematics portion of the exam suggests that a student is ready for college-level mathematics. To achieve this goal, the company recommends that students take a core curriculum of math courses in high school. Suppose a random sample of 200 students who completed this core set of courses results in a mean math score of 24.2 on the college entrance exam with a standard deviation of 3.4. Do these results suggest that students who complete the core curriculum are ready for college-level mathematics? That is, are they scoring above 24 on the mathematics portion of the exam. What are the test score and the p-value?
A pizza delivery chain advertises that it will deliver your pizza in 20 minutes from when the order is placed. Being a skeptic, you decide to test and see if the mean delivery time is actually more than 20minutes. For the simple random sample of 6customers who record the amount of time it takes for each of their pizzas to be delivered, the mean is 21.9 minutes with a standard deviation of 2.1minutes. Assume that the population distribution is approximately normal. Perform a hypothesis test using a 0.025level of significance. Step 3 of 3 : Draw a conclusion and interpret the decision. Answer
A college entrance exam company determined that a score of 24 on the mathematics portion of the exam suggests that a student is ready for college-level mathematics. To achieve this goal, the company recommends that students take a core curriculum of math courses in high school. Suppose a random sample of 150 students who completed this core set of courses results in a mean math score of 24.3 on the college entrance exam with a standard deviation of 3.2. Do these results suggest that students who complete the core curriculum are ready for college-level mathematics? That is, are they scoring above 24 on the math portion of the exam? Complete parts a) through d) below. a) State the appropriate null and alternative hypotheses. Fill in the correct answers below. The appropriate null and alternative hypotheses are Ho versus H,: ▼ Enter your answer in the edit fields and then click Check Answer. Clear All Check Answer parts 4 remaining MacBook Alir DD 111 80 888 7 FS F4 esc F2 F3 F1 $ delet @…
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Suppose the mean wait-time for a telephone reservation agent at a large airline is 44 seconds. A manager with the airline is concerned that business may be lost due to customers having to wait too long for an agent. To address this concern, the manager develops new airline reservation policies that are intended to reduce the amount of time an agent needs to spend with each customer. A random sample of 250 customers results in a sample mean wait-time of 43.3 seconds with a standard deviation of 4.3 seconds. Using a = 0.05 level of significance, do you believe the new policies were effective in reducing wait time? Do you think the results have any practical significance? Determine the null and alternative hypotheses. Ho: ▼44 seconds 44 seconds H₁: Calculate the test statistic. ▼ (Round to two decimal places as needed.) Calculate the P-value. P-value= (Round to three decimal places as needed.) State the conclusion for the test. O A. Reject H, because the P-value is less than the α = 0.05…
Suppose the mean wait-time for a telephone reservation agent at a large airline is 42 seconds. A manager with the airline is concerned that business may be lost due to customers having to wait too long for an agent. To address this concern, the manager develops new airline reservation policies that are intended to reduce the amount of time an agent needs to spend with each customer. A random sample of 250 customers results in a sample mean wait-time of 41.3 seconds with a standard deviation of 4.2 seconds. Using a = 0.05 level of significance, do you believe the new policies were effective in reducing wait time? Do you think the results have any practical significance? www Determine the null and alternative hypotheses. Ho: P = 42 seconds. H₁: H <42 seconds Calculate the test statistic. = (Round to two decimal places as needed.) Check answer Get more help. Clear all (3) a 1:44 AM 6/19/2022 O pr BSC 7 Help me solve this View an example H Type here to search " "? * 3 Z @ 12 S E C 4 R F %…
Suppose the mean wait-time for a telephone reservation agent at a large airline is 40 seconds. A manager with the airline is concerned that business may be lost due to customers having to wait too long for an agent. To address this concern, the manager develops new airline reservation policies that are intended to reduce the amount of time an agont needs to spend with each customer. A random sample of 250 customers results in a sample mean wait-time of 39.1 seconds with a standard deviation of 4.2 seconds. Using a=0.05 level of significance, do you believe the new policies were effective in reducing wait time? Do you think the results have any practical significance? 6-7 (Round to two decimal places as needed.) Calculate the P-value. P.value = Round to three decimal olaces as needed.) ick to select your answer(s).

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