Last month, a large national banks average payment time was 33 days with a standard deviation of

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Last month, a large national bank€™s average payment time was 33 days with a standard deviation of 4 days. This month, the average payment time was 33.5 days with a standard deviation of 4 days. They had 1,000 customers both months.
Last month, a large national bank€™s average payment time was

Build a 95% confidence interval on the difference between this month€™s and last month€™s payment times.  Is there evidence that payment times are increasing?

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Managing Controlling and Improving Quality

ISBN: 978-0471697916

1st edition

Authors: Douglas C. Montgomery, Cheryl L. Jennings, Michele E. Pfund

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