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Exercise 10-6 (LO10-4) The waiting time for customers at MacBurger Restaurants follows a normal distribution with...

Exercise 10-6 (LO10-4) The waiting time for customers at MacBurger Restaurants follows a normal distribution with a population standard deviation of 1 minute. At the Warren Road MacBurger, the quality-assurance department sampled 50 customers and found that the mean waiting time was 2.75 minutes. At the 0.05 significance level, can we conclude that the mean waiting time is less than 3 minutes? State the null hypothesis and the alternate hypothesis. State whether the decision rule is true or false: Reject H0 if z < −1.645. True False Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) What is your decision regarding H0? Reject H0 Do not reject H0 What is the p-value? (Round your answer to 4 decimal places.)

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