Determine exponential distribution estimate the average, Basic Statistics

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Determine exponential distribution estimate the average

The following data represents the time it takes a company to respond to an account inquiry for opening a new account.

A. Using the exponential distribution estimate the average waiting time using the sample mean.

1	1	18	0	22
1	36	0	1	1

B. preform a hypothesis test to determine if the wait time is different from 2 days with type 1 error or 0.05, what is the conclusion?

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Basic Statistics: Determine exponential distribution estimate the average

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Basic Statistics: Determine exponential distribution estimate the average

Reference No:- TGS0731152

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Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Determine exponential distribution estimate the average

Reference No:- TGS0731152

Recent Questions Asked Basic Statistics

Q : End-of-treatment clinical success rate

Q : What will the thermometer flash in celsius

Q : Find volume of the given quantity of gas be in july

Q : Partial minitab printout of a regression analysis

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Q : Find location and magnitude of maximum temperature in plate

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