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Brian Vanecek, VP of Operations at Portland Trust Bank, is evaluating the service level provided to walk-in customers. Accordingly, his staff recorded the waiting times for 64 randomly selected walk-in customers, and determined that their mean waiting time was 15 minutes and that the standard deviation was 4 minutes. The 95% confidence interval for the population mean of waiting times is?
Solve the following problems in essay form (1 to 2 paragraphs for each problem is fine). Please show all work and show how you came up with the answer.
Determine a 95% confidence interval for true time battery pack can function before having to be recharged.
Describe the five steps of hypothesis testing. Compare Type I and Type II errors and give specific examples for each. Which error should be minimized the most and first?
The average amount of time between a score by either team in college soccer games is 15.2 minutes.
Assume that the weights of coconuts are normally distributed with a mean weight of 17.6 pounds and a standard deviation of 1.2 pounds.
Craft one page brief of the statistical results (include any additional pages needed for any APA tables or graphs and the SPSS syntax and output) in which you do the following:
Create ADM/PERT diagram. Determine the critical path.
The mean number of passengers per flight is 160 with a standard deviation of 20. The aircraft used for the route has 200 seats.
Estimate the probability the store will gross over $850 a) At least 3 out of 5 business days.
State the null hypothesis and the alternate hypothesis. State the decision rule. Compute the value of the test statistic. What is your decision regarding the null hypothesis?
What is the 95% one-sided confidence interval for the average worker? What is the 95% predicted dose for a 95% one-sided confidence interval?
Set up hypothesis and two-tailed decision rule for right mean using 5% level of significance. Hypothesis for a two-tailed decision is?
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