Question
I am able to calculate the mean, model, std deviation for following question but need an analysis of the answer and the relevant graphs I
I am able to calculate the mean, model, std deviation for following question but need an analysis of the answer and the relevant graphs I can add with the solution
The Cell Phone Case: Reducing Cellular Phone Costs
Rising cell phone costs have forced companies having large numbers of cellular users to hire services to manage their cellular and other wireless resources. These cellular management services use sophisticated software and mathematical models to choose cost-efficient cell phone plans for their clients. One such firm, mindWireless of Austin, Texas, specializes in automated wireless cost management. According to Kevin Whitehurst, co-founder of mindWireless, cell phone carriers count on verageusing more minutes than one's plan allowsand underageusing fewer minutes than those already paid forto deliver almost half of their revenues.3 As a result, a company's typical cost of cell phone use can be excessive18 cents per minute or more. However, Mr. Whitehurst explains that by using mindWireless automated cost management to select calling plans, this cost can be reduced to 12 cents per minute or less. In this case we consider a bank that wishes to decide whether to hire a cellular management service to choose its employees' calling plans. While the bank has over 10,000 employees on many different types of calling plans, a cellular management service suggests that by studying the calling patterns of cellular users on 500-minute-per-month plans, the bank can accurately assess whether its cell phone costs can be substantially reduced. The bank has 2,136 employees on a variety of 500-minute-per-month plans with different basic monthly rates, different overage charges, and different additional charges for long distance and roaming. It would be extremely time consuming to analyse in detail the cell phone bills of all 2,136 employees. Therefore, the bank will estimate its cellular costs for the 500-minute plans by analysing last month's cell phone bills for a random sample of 100 employees on these plans. When the random sample of 100 employees is chosen, the number of cellular minutes used by each sampled employee during last month (the employee's cellular usage) is found and recorded. The 100 cellular-usage figures are given in Table
75
485
37
547
753
93
897
694
797
477
654
578
504
670
490
225
509
247
597
173
496
553
0
198
507
157
672
296
774
479
0
822
705
814
20
513
546
801
721
273
879
433
420
521
648
41
528
359
367
948
511
704
535
585
341
530
216
512
491
0
542
562
49
505
461
496
241
624
885
259
571
338
503
529
737
444
372
555
290
830
719
120
468
730
853
18
479
144
24
513
482
683
212
418
399
376
323
173
669
611
Analyse the data find descriptive statistics measures and help the company to take a decision.
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