One measure of airline performance is on-time arrival rates. For May 2009 the on-time arrival rates of

Question:

One measure of airline performance is on-time arrival rates. For May 2009 the on-time arrival rates of domestic flights for the 19 largest U.S. airlines were as follows:

a. Find the range and the standard deviation for the on-time arrival rates.
b. Describe the relationship among the distribution of the data, the range, and the standard deviation.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...