Probability-mean time spent per customer is three minutes

Assignment Help Basic Statistics
Reference no: EM13135753

The amount of time a bank teller spends with each customer has a population mean, u, of 3.10 minutes and standard deviation , O, of .40 minute. If you select a random sample of 16 customers:

a) what is the probability that the mean time spent per customer is at least 3 minutes?

Reference no: EM13135753

Questions Cloud

What is the heat of combustion for cyclohexane : Combustion reactions are exothermic. The heat of reaction for the combustion of cyclohexane, C6H12, is 936.8 kcal/mol. What is the heat of combustion for cyclohexane in kcal/gram
What is bottom line net income reported on carol schedule : Carol owns 40% of CJ Partnership. The partnership reports $170,000 of revenue, $60,000 cost of goods sold, and $70,000 of other expenses that include $1,500 of doctor bills paid for Carol, a $2,000 charitable contribution, and a $5,000 Section 17..
How many molecules of hcch react : How many molecules of HCCH react with 143 molecules of oxygen to produce carbon dioxide and water?
Slowgo pty ltd : Simon is the majority shareholder and managing director of Slowgo Pty Ltd which operates a chain of discount stores.
Probability-mean time spent per customer is three minutes : If you select a random sample of 16 customers: what is the probability that the mean time spent per customer is at least 3 minutes?
Research paper about cobit framework : research paper about CoBIT Framework. What is it? What benefit does it provide?  Competitors to it?
What marriage date would you recommend for the loving couple : Neither has any dependents nor itemized deductions. Based only on tax considerations, what marriage date would you recommend for the loving couple? How much would your choice save in taxes?
System in intercultural management : An overarching factor affecting all other variables necessary for successful implementation is that of
What was his beginning-of-the-year basis in his partnership : John has a 20% stake in the Partnership and receives no distributions from the partnership during the year. He has a $55,000 basis in her partnership interest at the end of the year after all income/loss items have been passed through to her. W..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Z test for testing of hypothesis

Brief description of the real-world situation or problem you selected to address, the independent and dependent variables you would study

  T-distribution and z-distribution

What is the difference in appearance between a t-distribution and a z-distribution? Why do they have slightly different appearances?

  Purpose of survey

What is the purpose of a survey? What are three examples of a survey and what potential purpose could each be used for? How can one work to ensure the participants of a survey will have their responses kept private?

  Questions based on binomial distribution

Questions based on binomial distribution, variance of the binomial distribution, discrete random variable and continuous random variables.

  Standard deviations of the mean of distribution

Suppose that we generate a random sample from a given distribution. If it is desired that the probability that the sample mean will be within 2 standard deviations of the mean of the distribution is at least .99, how large should the sample size b..

  Probability when randomly selected

If we select a crew member at random, what is the probability the crew member earns:

  Importance of normal distribution to statistics

Is the normal distribution (or its special case, the standard normal distribution) effective in characterizing situations and/or in helping managers make decisions?

  Estimating the population means growth

Estimate the population means growth in 1 year for 14-year-old boys. Make a point estimate and an 80% confidence interval estimate.

  Time-series describing airlines-line chart

Choose one time-series describing Airlines and make a line chart. Describe the trend (if any) and discuss possible causes. Fit both a linear and an exponential trend to the data.

  Difference in any of the population means

You have 4 groups that you are trying to find if there is a difference in any of the population means. In each group there are 7 observations. The given level of significance is an alpha of .005. Your MSA is 6,200 and your MSW is 1,000. Will you r..

  Waiting time of customers for service normal distribution

The MacBurger restaurant chain claims that the waiting time of customers for service is normally distributed,

  Hyopthesis testing of single- and dual-earner couples

A recent study compared the time spent together by single- and dual-earner couples. According to the records kept by the wives during the study, the mean amount of time spent together watching television among the single-earner couples

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd