Directions: Write out the solution for this hypothesis test, including all four steps: 1) State the hypotheses Ho and HA 2) Calculate the appropriate test statistic, showing your work (at minimum, write the letter of the test statistic, the formula, the numbers filled into the formula, and the final answer). Round to two decimal places. 3) Decide whether or not to reject Ho. State your decision clearly. a. For this step, you must show both the p-value approach and the CV approach 4) Interpret the hypothesis test in terms of the original question. Be sure to reference the significance level in your interpretation. Answer the question: is there evidence that the customers at the new location are waiting longer than the maximum time dictated by the policy on average? 4. No customer wants to wait a long time in a checkout line. A retailer established a policy that the mean waiting time for checkout should be 240 seconds or less. After the retailer opened a new location, an analyst for the retailer decided to test whether the new store was exceeding this standard (that is, whether customers were waiting longer than 240 seconds to check out, on average). The analyst took a random sample of 30 customers at the new location and measured the time they had to wait to check out. In the sample of customers, the mean waiting time was 274 seconds. Drawing on past experience with check out times, the analyst assumed a population standard deviation of 91 seconds. Perform and interpret a hypothesis test to determine whether the population mean waiting time at the new location is longer than 240 seconds at the a = 0.01 significance level