In: Statistics and Probability
Write a response to the following questions. Write you responses
in complete sentences. Brief or incomplete answers will not be
given credit. Responding to more than two people will ensure the
highest grade in the discussion board. Responses should be more
than I agree or I disagree.
1. A company's customer support division want to test to see if
that wait time for a consumer to talk to a representative is under
10 minutes. The manager proposes to test one case where a a
consumer was placed on hold. Is this a good testing strategy? If
not what would be a better testing strategy? Could you form a Null
Hypothesis or an Alternative Hypothesis? If yes, what would they
be.
2. Using a specific example explain what a point estimation is and a confidence interval is.