Question: What statistical test would perform to test your hypothesis: average time to deliver goods, once the order is placed over phone, is more than 30

 What statistical test would perform to test your hypothesis: average time
to deliver goods, once the order is placed over phone, is more
than 30 minutes in the population. Based on the sample, is there

What statistical test would perform to test your hypothesis: average time to deliver goods, once the order is placed over phone, is more than 30 minutes in the population. Based on the sample, is there sufficient evidence in the data to conclude that the population's average time to deliver goods (Delivery Time) once the order is placed is greater than 25 minutes? What is your conclusion based on the statistical analysis (with a margin of error =5%)? We could not reject the null hypothesis, and hence conclude the mean delivery time is less than 25min We accept the null hypothesis and hence conclude that the delivery time is more than 25 min We reject the null hypothesis, and hence conclude that the delivery time is more than 25 min We could not conclude anything

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!