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-   -   Means processing time? (https://www.askmehelpdesk.com/showthread.php?t=162083)

  • Dec 12, 2007, 02:52 PM
    hellokym
    Means processing time?
    For an insurance company, the ability to deliver approved policies to customers in a timely
    manner is critical. Last year, the mean processing time was 45 days. To determine if the mean
    processing time has been changed from last year, a random sample of 27 approved policies is selected
    and the total processing time (in days) is recorded:
    73 19 16 64 28 28 31 90 60 56 31 56 22 18 45 48 17 17 17 91 92 63 50 51 69 16
    At the 0.05 level of confidence, is there evidence that the mean processing time has changed from 45
    days?

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