Variance of the waiting times


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. Perform the four-step hypothesis test at the ? = 0.05

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Basic Statistics: Variance of the waiting times
Reference No:- TGS0740162

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