A national grocers magazine reports the typical shopper spends 8 minutes in line waiting to check out.
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A national grocer’s magazine reports the typical shopper spends 8 minutes in line waiting to check out. A sample of 24 shoppers at the local Farmer Jack’s showed a mean of 7.5 minutes with a standard deviation of 3.2 minutes. Is the waiting time at the local Farmer Jack’s less than that reported in the national magazine? Use the .05 significance level.
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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