[Solution] The population mean waiting time to check out of a supermarket has been 10.73 minutes. Recently, in an effort to reduce the waiting time, the supermarket
Question: The population mean waiting time to check out of a supermarket has been 10.73 minutes. Recently, in an effort to reduce the waiting time, the supermarket has experimented with a system in which there is a single waiting line with multiple checkout servers. A sample of 100 customers was selected, and their man waiting time to check out was 9.52 minutes, with a sample standard deviation of 5.8 minutes.
- At the 0.05 level of significance, using the critical value approach to hypothesis testing, is there evidence that the population mean waiting time to check out is less than 10.73 minutes?
- At the 0.05 level of significance, using the p-value approach to hypothesis testing, is there evidence that the population mean waiting time to check out is less than 10.73 minutes?
- Interpret the meaning of the p-value in this problem.
- Compare your conclusions in (a) and (b).
Deliverable: Word Document 