"> (Answered) 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... - Tutorials Prime

(Answered) 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...

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...

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. User the information given below. State the null and alternative hypotheses, the significance level, the critical value, the test static, the decision and conclusion.local bank- N1=46 sample size....Average wait time in min for each sample X1=2.3 min... sample standard deviation of each sample S1=1.1 minCompetitor N2=50 sample size...average wait time X1=2.6.....sample standard deviation S2=1.0 min

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This question was answered on: Jan 02, 2020

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