A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Test the local bank’s claim. Use the information given below. Use a significance level of .05 and assume the variances are equal. Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor Bank n2=50 Average waiting time in minutes for each sample X¯¯¯1=2.3 mins. X2__ =2.6 Sample Standard Deviation of each Sample s1= 1.1 mins s2=1.0 mins. Are the samples dependent or independent? answered State your Null/Alternative hypotheses? Answered What is the test-statistic? Answered What is the p-value? answered What are the critical values? answered Does the test-statistic lie in the rejection region? answered Interpret the Result? Does the result change for a different value of alpha? Explain?

A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Test the local bank’s claim. Use the information given below. Use a significance level of .05 and assume the variances are equal. Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor Bank n2=50 Average waiting time in minutes for each sample X¯¯¯1=2.3 mins. X2__ =2.6 Sample Standard Deviation of each Sample s1= 1.1 mins s2=1.0 mins. Are the samples dependent or independent? answered State your Null/Alternative hypotheses? Answered What is the test-statistic? Answered What is the p-value? answered What are the critical values? answered Does the test-statistic lie in the rejection region? answered Interpret the Result? Does the result change for a different value of alpha? Explain?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter7: Locus And Concurrence

Section7.2: Concurrence Of Lines

Problem 28E

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Sample size	Local Bank n1=46	Competitor Bank n2=50
Average waiting time in minutes for each sample	X¯¯¯1=2.3 mins.	X2__ =2.6
Sample Standard Deviation of each Sample	s1= 1.1 mins	s2=1.0 mins.

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