Provide evidence supporting the claim that m is shorter

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Reference no: EM13909895

THE BANK CUSTOMER WAITING TIME CASE DS WaitTime

Recall that a bank manager has developed a new system to reduce the time customers spend waiting for teller service during peak hours. The manager hopes the new system will reduce waiting times from the current 9 to 10 minutes to less than 6 minutes.
Suppose the manager wishes to use the 100 waiting times to support the claim that the mean waiting time under the new system is shorter than six minutes.

a. Letting m represent the mean waiting time under the new system, set up the null and alternative hypotheses needed if we wish to attempt to provide evidence supporting the claim that m is shorter than six minutes.

b. In the context of this situation, interpret making a Type I error; interpret making a Type II error.

Text Book: Business Statics in Practice By BOWERMAN.

Reference no: EM13909895

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