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A Copy Machine Service Company Provides Maintenance and Repair Service

question 74

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A copy machine service company provides maintenance and repair service for different types and brands of copiers.The manager of the repair department wants to know if the repair time for brand A is higher than the repair time for brand B.The manager randomly selected 8 repair records associated with brand A and 8 repair records associated with brand B.The repair times for both samples in minutes are given below.The distribution of repair times for both brand A and brand B is highly skewed.  Brand A 160159171155136128173143 Brand B 125160140131119123135134\begin{array} { l l l l l l l l l } \text { Brand A } & 160 & 159 & 171 & 155 & 136 & 128 & 173 & 143 \\\text { Brand B } & 125 & 160 & 140 & 131 & 119 & 123 & 135 & 134\end{array}
-What is the appropriate null and alternative hypothesis for this problem?

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Definitions:

Credit Terms

Refers to the conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and due dates.

Net 45

A term indicating that payment is due 45 days after the invoice date.

Average Collection Period

The average number of days that it takes for a business to receive payments owed by its customers, calculated by dividing the accounts receivable balance by the average daily sales.

Credit Terms

The conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the rate of interest if applicable.

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