The executive is also worried that the bank is losing ground to its major competitor ...
guru2009
The executive is also worried that the bank is losing ground to its major competitor, the Everglades Bank. So the bank executive asked you to determine whether Everglades Bank processes mortgages faster than First National. To conduct this hypothesis test you also collect a random sample of 108 mortgage processing times from Everglades Bank. These data are also located in your Excel file.
First National
Everglades Bank
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a) Should your alternative be left‐sided, right‐sided, or two‐sided? Explain.
b) State your null and alternative hypotheses using correct symbols and notation.
c) Conduct a two‐sample t‐test for comparing the difference between two means. Include your SPSS output or show your Excel calculations.
d) State the P‐value and give the conclusion in context using a significance level of 0.05.
8 years ago
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