Each day, more than 10,000 customers shop at a business. A sample with a size of n
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Each day, more than 10,000 customers shop at a business. A sample with a size of n = 100 from location A has an average customer stay of 45 min. The actual duration has a normal distribution with an unknown arithmetic mean μ and a variance of S2 = 152 min2. According to management, the mean stay is 55 min. Test whether a sample can rebut this claim with a probability of error of α ¼ 0.05. Explain your answer.
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Related Book For
Applied Statistics And Multivariate Data Analysis For Business And Economics
ISBN: 9783030177669
1st Edition
Authors: Thomas Cleff
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