STATS – GENERAL EDUCATION TASK ASSIGNMENT
GENERAL EDUCATION TASK ASSIGNMENT:A neighborhood financial institution claims that the ready time for its prospects to be served is the bottom within the space. A competitor financial institution checks the ready occasions at each banks. The pattern statistics are listed beneath. Take a look at the native bank’s declare. Use the data given beneath. Use ? = zero.05. State the null and different hypotheses, the importance degree, the crucial worth, the check statistic, the choice and conclusion.Native Financial institution Competitor BankSample dimension n1 = 45 n2 = 50Common Ready 2.three min. 2.6 min.time in minutesfor every sampleSample customary s1 = 1.1 min. s 2 = 1.zero min.Deviation of eachSampleuse alpha=zero.05