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A Local Bank Claims That the Waiting Time for Its α\alpha

Question 75

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A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor
bank checks the waiting times at both banks. Assume the two samples are random and independent. Use α\alpha α = 0.05 and a confidence interval to test the local bankʹs claim. Local Bankn1=45x1=5.3 minutes σ1=1.1 minutes \begin{array} { l } \text {Local Bank}\\\mathrm { n } _ { 1 } = 45 \\\overline { \mathrm { x } } _ { 1 } = 5.3 \text { minutes } \\\sigma _ { 1 } = 1.1 \text { minutes }\end{array} Competitor Bankn2=50xˉ2=5.6 minutes σ2=1.0 minute \begin{array} { l } \text {Competitor Bank}\\\mathrm { n } _ { 2 } = 50 \\\bar { x } _ { 2 } = 5.6 \text { minutes } \\\sigma _ { 2 } = 1.0 \text { minute }\end{array}

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Confidence interval (-0.656, 0...

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