During A Period Of One Month A Random Sample Of 27 Approved Life Insurance Policies Is Selected And The Total Processi 1 (41.73 KiB) Viewed 19 times
During A Period Of One Month A Random Sample Of 27 Approved Life Insurance Policies Is Selected And The Total Processi 2 (37.25 KiB) Viewed 19 times
During a period of one month, a random sample of 27 approved life insurance policies is selected, and the total processing time, in days, is recorded as shown in the data table below. Complete parts (a) through (e). Click the icon to view the data table. **** In the past, the mean processing time was 47 days. At the 0.10 level of significance, is there evidence that the mean processing time has changed from 47 days? a. State the null and alternative hypotheses. Hot H₁: b. Identify the critical value(s). The critical value(s) is(are). (Round to four decimal places as needed. Use a comma to separate answers as needed.) c. Determine the test statistic. The test statistic is (Round to four decimal places as needed.) d. Find the p-value. p-value = (Round to four decimal places as needed.)
In the pas processing a. State th HoiH H₁: H More Info 74 19 16 43 42 30 b. Identify The critica (Round to c. Determine the test statistic, Total processing time, in days 64 28 28 31 90 57 56 32 56 17 17 91 88 63 50 51 69 16 17 The test statistic is (Round to four decimal places as needed.) d. Find the p-value. Print Done 22 18 n X n
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!