Interpret the meaning of the p-value


Discuss the below:

The owner of a restaurant has just changed the delivery process in order to reduce the mean time between the order and completion of delivery from the current 25 minutes. In the past, the population standard deviation has been 6 minutes. A sample of 36 orders under the new delivery process results in a sample mean of 22.4 minutes.

Q1. Using the 6-step critical value approach, at the 0.05 level of significance, is there support that the population mean delivery time has been lessened below the prior population mean value of 25 minutes?

Q2. At the 0.05 level of significance, use the 5-step p-value approach.

Q3. Interpret the meaning of the p-value in question 2.

Q4. Compare the conclusions in questions 1 and 2.

 

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Interpret the meaning of the p-value
Reference No:- TGS01920941

Now Priced at $25 (50% Discount)

Recommended (99%)

Rated (4.3/5)