The number of days required per audit for 200 recent audits by Bell Accounting Group is shown

Question:

The number of days required per audit for 200 recent audits by Bell Accounting Group is shown in the relative frequency table below: 

Length of Audit (days)         Proportion of Audits

1……………………………………..            .39

2……………………………………..            .27

3……………………………………..            .17

4……………………………………..            .08

5……………………………………..            .05

6……………………………………..            .04

a. Compute the mean audit time. 

b. Determine the median audit time. 

c. Compute the variance and the standard deviation of the audit times.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

Question Posted: