Managers claim-significance level tests

Assignment Help Basic Statistics
Reference no: EM1322058

The average waiting time per customer at a fast food restaurant has been 7.5 minutes. The customer waiting time has a normal distribution. The manager claims that the use of a new cashier system will decrease the average customer waiting time in the store. Based on a random sample of 16 customer transactions the mean waiting time is 6.3 minutes and the standard deviation is 2 minutes per customer. Test the manager's claim at 5% and 1% significance level tests.

Reference no: EM1322058

Questions Cloud

Create a detailed schedule for project : Using a template or Microsoft Project, create a detailed schedule for the project you chose. Then, prepare another detailed schedule that crashes your project duration by nine months.
Standard deviation-molder operating satisfactorily : Test at 5% and 1% whether the molder is operating satisfactorily.
Major influences on business buyers : Outline the major influences on business buyers. Why is it important for the business-to-business buyer to understand these major influences?
Using the internet for conducting business : Describe three firms which are using the Internet for conducting business, and speculate as to the underlying technologies which might be in use in these firms.
Managers claim-significance level tests : Test the manager's claim at 5% and 1% significance level tests.
Timeline of annual activity of labor or management : Create a timeline of the annual activity of labor/management collective bargaining from 1978 through 2009, providing a short synopsis of mergers, new carriers and company departure from the air transportation sector. Highlight the areas of most im..
Suggest three types of behavioural problems : Suggest three (3) types of behavioural problems that employees can manifest as a result of replacing the organization's legacy payroll system with an outsourced solution. Compose three (3) guidelines that a project manager can use to mitigate empl..
Multiple choice questions-type one and type one error : For the following hypothesis test where H 0 :  m   £10 vs. H a :  m   >10, we reject H 0  at level of significance  a  and conclude that the true mean is greater than 10 when the true mean is really 8.
Major environmental factors and trends : Analyze and explain the major environmental factors and trends in those countries that might affect sales of the product? Who are currently the largest customers of that product in the home market, and who would be its likely customers abroad?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Compute descriptive statistics for each stock

Compute descriptive statistics for each stock and the S&P 500. Comment on your results. Which stocks are the most volatile? Compute the value of beta for each stock. Which of these stocks would you expect to perform best in an up market? Which..

  Hypotheses test for a population mean

At the .01 level of signiicance, is the true mean greater than 10?

  Computing critical values by null and alternative hypotheses

By constructing null and alternative hypotheses, computing critical values, and comparing test statistic to critical value.

  Describing potential threats to internal validity

Recognize and describe potential threats (up to 3) to internal validity.

  Determining the z value-positive or negative

Another day, it took Eric only 12 minutes to get to work. Using the same formula, determine the z value. Is it positive or negative? Explain why it should be positive or negative.

  Find the probability that the amount of cosmic radiation

If the amount of cosmic radiation to which a person is exposed while flying by jet across the US is a random variable having the normal distribution with µ=5.35 mrem, and σ = 0.59 mrem.

  Probability values based on the binomial distribution

For such groups of 800, would it be unusual to get 687 consumers who recognize the Dull Computer Company name?

  Following normal probability distribution

A study group of long distance phone calls made from the corporate offices of Pepsi Bottling Group, Inc., in Somers, New York, revealed the length of the calls, in minutes, follows normal probability distribution.

  Bell-shaped curve for sampling distribution of sample

How does bell-shaped curve for sampling distribution of sample means for samples of size n =120 compare tobell-shaped curve for sampling distribution of sample means for samples of size n =95?

  Determining mode and variance of height and frequency

Determine the following:Mean, Median and Variance.

  Computing df value for the t statistic

If the sample consists of n = 15 individuals, then compute df value for the t statistic?

  Probability-binomial distribution

Find the probability that the number of who consider themselves basketball fans is :

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd