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The service time for customers at Stylum Barber Shop follows a normal distribution with a population standard deviation of 2 minutes. At the beginning of the fiscal year, the owner conducted a time study of 25 customers and discovered that the mean service time per customer was 12 minutes. At the .05 confidence level, can it be concluded that the mean service time is less than 15 minutes?
Step 1. State the Null Hypothesis and the Alternate Hypothesis
Step 2. Select a Level of Significance
Step 3. Select the Test Statistic
Step 4. Formulate the Decision Rule
Step 5. Make a Decision
Step 6. Interpret the Result
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Caselet on McDonald’s vs. Burger King - Waiting time
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Problems on Sampling Variability and Standard Error and Confidence Intervals
Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
LINEAR PROGRAMMING MODELS
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