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Exhibit 11-2

question 57

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Exhibit 11-2.The manager of a video library would like the variance of the waiting times of the customers not to exceed 2.30 minutes-squared.He would like to add an additional billing counter if the variance exceeds the cut-off.He checks the recent sample data.For a random sample of 24 customer waiting times,he arrives at a sample variance of 3.8 minutes-squared.The manager assumes the waiting times to be normally distributed. Refer to Exhibit 11-2.Which of the following would be null and the alternate hypothesis to test if the cut-off is surpassed?


Definitions:

Compliance

The act of conforming to a wish, request, or demand, often in the context of regulations or social expectations.

Identification

The process by which an individual aligns themselves with certain aspects of another person or group, adopting those aspects as part of their own identity.

Short Reports

Concise documents that provide essential information on a specific topic, often used in business or academic settings.

Executive Summary

A concise summary of a business report or proposal, highlighting the key points and conclusions.

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