Exercise Set 2

Exercise Set 2 - BMGT 230 Exercise Set 2(10 points Due 8 February 2008 1 At the Neptune library the mean time a book is checked out is 13 days the

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BMGT 230, Exercise Set 2 (10 points), Due 8 February 2008 1. At the Neptune library, the mean time a book is checked out is 13 days, the median is 10 days, and the mode is 7 days. a. Use two or fewer words to describe the shape of the underlying distribution. b. Explain briefly. 2. One week a movie channel showed seven movies rated ****, nine movies rated ***, three movies rated **, and one movie rated *. a. Which measure(s) of central would be appropriate to describe the “average” movie rating on the channel during the week? b. Explain briefly. 3. Morris and Associates, a law firm, specializes in corporate law. The firm’s rates are $75 per hour for consulting, $100 per hour for researching a case, and $200 per hour for writing a brief. Last week one associate spent 10 hours consulting with a client, 10 hours researching a case, and 20 hours writing a brief. Calculate the weighted mean hourly charge for the associate’s services last week. 4. Use the following stem-and-leaf display, which represents the number of games the University of
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This note was uploaded on 04/18/2008 for the course BMGT 230 taught by Professor Studer-ellis during the Spring '08 term at Maryland.

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Exercise Set 2 - BMGT 230 Exercise Set 2(10 points Due 8 February 2008 1 At the Neptune library the mean time a book is checked out is 13 days the

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