Stats Solutions

[See Steps] Refer to Problem 8. Based on a random sample of 16 customer transactions the mean waiting time is 6.3 minutes and the standard deviation is

Question: Refer to Problem 8. Based on a random sample of 16 customer transactions the mean

waiting time is 6.3 minutes and the standard deviation is 2 minutes per customer. What is

the value of the test statistic (NOTE: Conduct the test of hypothesis showing all the

intermediate steps and calculations required to support your answer)?

  1. t = -1.2
  2. t = 2.4
  3. t = -2.4
  4. t = -0.6
  5. t = 9.6

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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