Purchase Solution

# Hypothesis Testing

Not what you're looking for?

Research by the Illinois Banking Company revealed that only 10 percent of their customers wait more than five minutes to do their banking. Management considers this reasonable and will not add more tellers unless the proportion becomes larger than 10 percent. The branch manager at the Litchfield Branch believes that the wait is longer than the standard at her branch and requested additional part-time tellers. To support her request the branch manager reported that in a sample of 100 customers, 14 waited more than five minutes. AT the 0.01 significance level, is it reasonable to conclude that more that 10 percent of the customers wait more than five minutes?

##### Solution Summary

The solution answers the question(s) below.

##### Solution Preview

Solution. We can set up the null hypothesis H0: p=10% and, the alternative hypothesis H1: p is not equal 10%
Define Xi as follows: Xi=1 if the ith customer waited more than 5 minutes, otherwise, Xi=0. i=1,2,...100. We assume ...

Solution provided by:
###### Education
• BSc , Wuhan Univ. China
• MA, Shandong Univ.
###### Recent Feedback
• "Your solution, looks excellent. I recognize things from previous chapters. I have seen the standard deviation formula you used to get 5.154. I do understand the Central Limit Theorem needs the sample size (n) to be greater than 30, we have 100. I do understand the sample mean(s) of the population will follow a normal distribution, and that CLT states the sample mean of population is the population (mean), we have 143.74. But when and WHY do we use the standard deviation formula where you got 5.154. WHEN & Why use standard deviation of the sample mean. I don't understand, why don't we simply use the "100" I understand that standard deviation is the square root of variance. I do understand that the variance is the square of the differences of each sample data value minus the mean. But somehow, why not use 100, why use standard deviation of sample mean? Please help explain."
• "excellent work"
• "Thank you so much for all of your help!!! I will be posting another assignment. Please let me know (once posted), if the credits I'm offering is enough or you ! Thanks again!"
• "Thank you"
• "Thank you very much for your valuable time and assistance!"

##### Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

##### Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.