The manager of the Cottonwood Grille recently selected a random sample of 18 customers and kept track
Question:
a. Compute the mean waiting time for this sample of customers.
b. Compute the median waiting time for this sample of customers.
c. Compute the variance and standard deviation of waiting time for this sample of customers.
d. Develop a frequency distribution using six classes, each with a class width of 10. Make the lower limit of the first class 15.
e. Develop a frequency histogram for the frequency distribution.
f. Construct a box and whisker plot of these data.
g. The manager is considering giving a complementary drink to customers whose waiting time is longer than the third quartile. Determine the minimum number of minutes a customer would have to wait in order to receive a complementary drink.
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...
Step by Step Answer:
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry