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During a period of one month, a random sample of 27 approved life insurance policies is selected, and the total processing time, in days, is recorded as shown in the data table below. Complete parts (a) through (d). Click the icon to view the data table. a. In the past, the mean processing time was 53 days. At the 0.05 level of significance, is there evidence that the mean processing time has changed from 53 days? State the null and alternative hypotheses. Hoi H = H₁: 53 53 Determine the test statistic. The test statistic is -1.7275. (Round to four decimal places as needed.) Find the p-value. p-value = (Round to four decimal places as needed.)

During a period of one month, a random sample of 27 approved life insurance policies is selected, and the total processing time, in days, is recorded as shown in the data table below. Complete parts (a) through (d). Click the icon to view the data table. a. In the past, the mean processing time was 53 days. At the 0.05 level of significance, is there evidence that the mean processing time has changed from 53 days? State the null and alternative hypotheses. Hoi H = H₁: 53 53 Determine the test statistic. The test statistic is -1.7275. (Round to four decimal places as needed.) Find the p-value. p-value = (Round to four decimal places as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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During a period of one month, a random sample of 27 approved life insurance policies is selected, and the total processing time, in days, is recorded as shown in the data table below. Complete parts (a) through (d). Click the icon to view the data table. a. In the past, the mean processing time was 53 days. At the 0.05 level of significance, is there evidence that the mean processing time has changed from 53 days? State the null and alternative hypotheses. Hoi H = H₁: 53 53 Determine the test statistic. The test statistic is -1.7275. (Round to four decimal places as needed.) Find the p-value. p-value = (Round to four decimal places as needed.)
Transcribed Image Text:During a period of one month, a random sample of 27 approved life insurance policies is selected, and the total processing time, in days, is recorded as shown in the data table below. Complete parts (a) through (d). Click the icon to view the data table. a. In the past, the mean processing time was 53 days. At the 0.05 level of significance, is there evidence that the mean processing time has changed from 53 days? State the null and alternative hypotheses. Hoi H = H₁: 53 53 Determine the test statistic. The test statistic is -1.7275. (Round to four decimal places as needed.) Find the p-value. p-value = (Round to four decimal places as needed.)
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