Exponential distribution estimate the average, Basic Statistics

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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 a days with type 1 error or 0.05, what is the conclusion?

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Basic Statistics: Exponential distribution estimate the average

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Basic Statistics: Exponential distribution estimate the average

Reference No:- TGS0731049

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Recent Questions Asked Basic Statistics

Q : How much money is in the account today

Q : How long will it take him to save enough money

Q : Distribute uniformly along the length

Q : What is the concentration of protein in the filtrate

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Basic Statistics: Exponential distribution estimate the average

Reference No:- TGS0731049

Recent Questions Asked Basic Statistics

Q : How much money is in the account today

Q : How long will it take him to save enough money

Q : Distribute uniformly along the length

Q : What is the concentration of protein in the filtrate

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Q : Find the critical angle for total internal reflection

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