Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The waiting time (in minutes) to speak to an agent of an insurance company of 20 randomly selected callers are recorded as below. 2.71,

image text in transcribed
1. The waiting time (in minutes) to speak to an agent of an insurance company of 20 randomly selected callers are recorded as below. 2.71, 2.81, 2.81, 2.84, 2.84, 2.85, 2.86, 2.94, 2.95, 2.96, 2.97, 2.98, 2.98, 2.99, 3.03, 3.05, 3.05, 3.06, 3.09, 3.11 a) What is the average waiting time according to this data? b) What is the standard deviation of the waiting time data? c) Calculate the three quartiles (Q1, median, Q3) and the lower and upper fences. d) Construct a Box Plot. ) How would you describe the shape of the distribution? Are there any outliers? If yes, identify them. 4 (Refers to (e)) If you were asked to calculate proportion of observations within 2 standard deviations of the mean (i.e. X + 2s ), would you use Empirical Rule or Chebyshev's Theorem? Why? Calculate the proportion. How does it compare to your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

12th Edition

0321836960, 978-0321836960

Students also viewed these Mathematics questions