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Suppose you are a bank manager and manage two different locations. You are interested in assessing the wait time of customers at both banks. You are specifically interested in the lunch hour 12:00 to 1:00. You are trying out a new system in your banks that you hope will improve wait times. You would compare wait times with the old system and new system for each location. Write detailed report: Introduction- what you hope to find out through research. Data collection methods: What variables will be included, and collection methods used to obtain data. What is the population, sampling method used and why it is the best. Plan for data: describe what you will do with data once you have it, include types of graphs used and types of summary statistics you will want to include.
What is the likelihood the sample mean is greater than $22.50 but less than $25.00?
Compute average daily rainfall in the week and for weekends. Get the average of weekdays' rainfalls and average of weekend's rainfalls.
Using a 5% level of significance, is there any difference in proportion of guests who would select the two resorts? What is your conclusion?
Investigate the cost of a home mortgage and to determine the monthly payment.
Are number of toilet breaks and amount of beverage consumed related? Describe how? Provide the value of statistic and probability value.
Confidence interval for the population mean - Prepare a 99% confidence interval for the population mean.
A year ago, Air Force implemented new test for finding which candidates are most probable to become successful pilots. Now they wish to see if implementing pilot predictor test was a good idea. Scores have been standardized to facilitate comparis..
What is the level of measurement for the variable, "political ideology" measured as "Very Conservative", "Conservative","Moderate", "Liberal" and "Very Liberal".
Name three elements of the inferential statistical analysis.
In testing the difference between two means from two independent populations, the sample sizes do not have to be equal to be able to use the Z statistic.
Which of the following would have a binomial distribution and evaluate the binomial coefficient
Determine the standard error of students that favoured the move.
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