Solved

A Local Bank Claims That the Waiting Time for Its σ12=σ22, and (b) \sigma _ { 1 } ^ { 2 } = \sigma _ { 2 } ^ { 2 } \text {, and (b) }

Question 66

Essay

A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitorʹs
bank checks the waiting times at both banks. Assume the samples are random and independent, and the
populations are normally distributed. Test the local bankʹs claim: (a)assuming that σ12=σ22, and (b) \sigma _ { 1 } ^ { 2 } = \sigma _ { 2 } ^ { 2 } \text {, and (b) } assuming that σ12σ22. Use α=0.05\sigma _ { 1 } ^ { 2 } \neq \sigma _ { 2 } ^ { 2 } \text {. Use } \alpha = 0.05 \text {. } Local Bankn1=15x1=5.3 minutes s1=1.1 minute \begin{array} { l } \text {Local Bank}\\\mathrm { n } _ { 1 } = 15 \\\overline { \mathrm { x } } 1 = 5.3 \text { minutes } \\\mathrm { s } _ { 1 } = 1.1 \text { minute }\end{array} Competitor Bankn2=16x2=5.6 minutes s2=1.0 minutes \begin{array} { l } \text {Competitor Bank}\\\mathrm { n } _ { 2 } = 16 \\\overline { \mathrm { x } } 2 = 5.6 \text { minutes } \\\mathrm { s } _ { 2 } = 1.0 \text { minutes }\end{array}

Correct Answer:

verifed

Verified

(a)critical value blured image standardizestandardiz...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents