Sample statistics for a local bank and a competitor's bank Sample size Local Bank n1=46 Competitor...

Sample statistics for a local bank and a competitor's bank

Sample size Local Bank n1=46

Competitor Bank

n2=50


Average waiting time in minutes for each sample	X⎯⎯⎯1=2.3 mins.

X2__ =2.6


Sample Standard Deviation of each Sample	s1= 1.1 mins

s2=1.0 mins.

Are the samples dependent or independent?
State your Null/Alternative hypotheses
What is the test-statistic?
What is the p-value?
What are the critical values?
Does the test-statistic lie in the rejection region?
Interpret the Result?
Does the result change for a different value of alpha? Explain?

Expert Solution

milcah answered 4 months ago

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