Question
The time spent traveling to a meeting for store managers of a company is shown in the table below. The company decides to change the
The time spent traveling to a meeting for store managers of a company is shown in the table below. The company decides to change the meeting location. The new travel times are shown in a separate column.
| Manager | Travel time | New travel time |
|---|---|---|
| Manager 1 | 21 min | 8 min |
| Manager 2 | 12 min | 16 min |
| Manager 3 | 17 min | 13 min |
| Manager 4 | 24 min | 10 min |
(a) Find the mean, median, and mode of the travel times. (If an answer does not exist, enter DNE.)
| mean | minutes |
| median | minutes |
| mode | minutes |
(b) Find the mean, median, and mode of the new travel times. (If an answer does not exist, enter DNE.)
| mean | minutes |
| median | minutes |
| mode | minutes |
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
