Introduction to Business Statistics
7th Edition
ISBN: 9781111792374
Author: WEIERS
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 10.5, Problem 10.52E
In response to an inquiry from its national office, the manager of a local bank has stated that her bank’s average service time for a drive-through customer is93 seconds. A student intern working at the bank happens to be taking a statistics course and is curious as to whether the true average might be some value other than 93 seconds. The intern observes a simple random sample
of 50 drive-through customers whose average service time is 89.5 seconds, with a standard deviation of 11.3 seconds. From these sample results, and using the 0.05 level of significance, what conclusion would the student reach with regard to the bank manager’s claim?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionChapter 10 Solutions
Introduction to Business Statistics
Ch. 10.1 - The president of a company that manufactures...Ch. 10.1 - Following a major earthquake, the city engineer...Ch. 10.3 - Prob. 10.28ECh. 10.3 - In the past, patrons of a cinema complex have...Ch. 10.3 - Following maintenance and calibration, an...Ch. 10.3 - A manufacturer of electronic kits has found that...Ch. 10.3 - A machine that fills shipping containers with...Ch. 10.5 - Prob. 10.40ECh. 10.5 - The average age of passenger cars in use in the...Ch. 10.5 - During 2008, college work-study students earned a...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License