The Payment Time Case QNT/561
Please apprehend the actual afore bidding.
Purpose of Assignment
The purpose of the appointment is to advance students' abilities in application abstracts sets to administer the concepts of sampling distributions and aplomb intervals to accomplish administration decisions.
Resources: Microsoft Excel®, The Acquittal Time Case Study, The Acquittal Time Case Abstracts Set
Review the Acquittal Time Case Study and Abstracts Set.
Develop a 700-word address including the afterward calculations and application the advice to actuate whether the new announcement arrangement has bargain the beggarly bill acquittal time:
· Assuming the accepted aberration of the acquittal times for all payments is 4.2 days, assemble a 95% aplomb breach appraisal to actuate whether the new announcement arrangement was effective. Accompaniment the estimation of 95% aplomb breach and accompaniment whether or not the announcement arrangement was effective.
· Application the 95% aplomb interval, can we be 95% assured that µ ≤ 19.5 days?
· Application the 99% aplomb interval, can we be 99% assured that µ ≤ 19.5 days?
· If the citizenry beggarly acquittal time is 19.5 days, what is the anticipation of celebratory a sample beggarly acquittal time of 65 invoices beneath than or according to 18.1077 days?
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