Local Bank Sample size Competitor Bank n2 = = 50 ni = 46 X = 2.3 mins. X2 = 2.6 Average waiting time in minutes for each
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Local Bank Sample size Competitor Bank n2 = = 50 ni = 46 X = 2.3 mins. X2 = 2.6 Average waiting time in minutes for each
Local Bank Sample size Competitor Bank n2 = = 50 ni = 46 X = 2.3 mins. X2 = 2.6 Average waiting time in minutes for each sample Sample Standard Deviation of each Sample Si = 1.1 mins S2 = 1.0 mins. 1. Are the samples dependent or independent? 2. State your Null/Alternative hypotheses 3. What is the test-statistic? 4. What is the p-value? 5. What are the critical values? 6. Does the test-statistic lie in the rejection region? 7. Interpret the Result? 8. Does the result change for a different value of alpha? Explain?
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