MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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**Scenario:**

You are a bank manager and you want to secure a raise for your bank tellers. The board of trustees show you financial data indicating that 15 customers a day is the average number of clients served for bank tellers in your region. If you can provide convincing evidence that your bank tellers are actually serving a greater number of clients per day, they will grant a 10% raise. Over the next week, you measure the average number of customers served by the 31 bank tellers at your local branch and determine that their average is 20 customers a day with a standard deviation of 3. Do you have sufficient evidence to argue for a raise?

**Tasks:**

a. Write out the null and alternative/research hypothesis.

b. Using the .05 level of significance, find the critical value(s) and sketch the comparison distribution with rejection region(s) shaded in.

c. Calculate the value of the test statistic that you will then compare to your critical value(s).

d. State your decision based on the results.

e. Write a conclusion statement that clearly expresses what your decision means.

f. What is the probability that you have committed a Type 1 error?

g. How could you change your approach to this hypothesis test to decrease the chances of making a Type 1 error? (Hint: Focus on step b)

h. Does decreasing the chances of making a Type 1 error make it easier or harder to reject the Null Hypothesis? What evidence are you using to make your decision?
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Transcribed Image Text:**Scenario:** You are a bank manager and you want to secure a raise for your bank tellers. The board of trustees show you financial data indicating that 15 customers a day is the average number of clients served for bank tellers in your region. If you can provide convincing evidence that your bank tellers are actually serving a greater number of clients per day, they will grant a 10% raise. Over the next week, you measure the average number of customers served by the 31 bank tellers at your local branch and determine that their average is 20 customers a day with a standard deviation of 3. Do you have sufficient evidence to argue for a raise? **Tasks:** a. Write out the null and alternative/research hypothesis. b. Using the .05 level of significance, find the critical value(s) and sketch the comparison distribution with rejection region(s) shaded in. c. Calculate the value of the test statistic that you will then compare to your critical value(s). d. State your decision based on the results. e. Write a conclusion statement that clearly expresses what your decision means. f. What is the probability that you have committed a Type 1 error? g. How could you change your approach to this hypothesis test to decrease the chances of making a Type 1 error? (Hint: Focus on step b) h. Does decreasing the chances of making a Type 1 error make it easier or harder to reject the Null Hypothesis? What evidence are you using to make your decision?
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