Sample statistics for a local bank and a competitor 's bank Sample size Local Bank n1 46 Competitor Bank n2 50 Average waiting time in minutes for each sample X1 2 3 mins X 2 2 6 Sample Standard Deviation of each Sample s1 1 1 mins s2 1 0 mins Are the samples dependent or independent State your Nul...

a Let 4 and be the population means and let x and x be the means of the respective samples The sampl ...

Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor Bank

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Sample statistics for a local bank and a competitor's bank

Sample size Local Bank n1=46

Competitor Bank

n2=50


Average waiting time in minutes for each sample	X⎯⎯⎯1=2.3 mins.

X2__ =2.6


Sample Standard Deviation of each Sample	s1= 1.1 mins

s2=1.0 mins.

Are the samples dependent or independent?
State your Null/Alternative hypotheses
What is the test-statistic?
What is the p-value?
What are the critical values?
Does the test-statistic lie in the rejection region?
Interpret the Result?
Does the result change for a different value of alpha? Explain?

Related Book For answer-question

Introduction to Business Statistics

ISBN: 978-1111524081

7th edition

Authors: Ronald M. Weiers

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Posted Date: Jan 11, 2021 03:43 AM

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Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor Bank

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Introduction to Business Statistics

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