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The PIRON Software Company currently develops marketing software for primarily service-based organizations. Recently, new customers expressed a concern that the cycle time for responses to inquires was too long. Historically, the average response time to a customer inquiry is 3 days with a standard deviation of 0.5 days

Question:

Based on the scenario above, a recent sample of 50 inquiries was drawn, and the average cycle time from the sample was 2.99 days. Conduct the appropriate hypothesis test at a .05 significance level. Provide the hypothesis and interpretation of the results. Describe the type of data, the method of data collection, and whether a population or a sample was used.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91020305

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