The Payment Time Case
The purpose of the assignment is to develop students’ abilities in using datasets to apply the concepts of sampling distributions and confidence intervals to make management decisions.
Resources: Microsoft Excel®, The Payment Time Case Study, The Payment Time Case Data Set (Please create a text box for each within Microsoft Excel to complete this objective)
Review the Payment Time Case Study and Data Set.
Develop a summary in the text boxes including the following calculations and using the information to determine whether the new billing system has reduced the mean bill payment time: