ECO 221 HW p127 # 14

ECO 221 HW p127 # 14 - E This is a managerial decision that...

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Waiting Time 0.38 1 Mean Quartile Calculations 2.34 1 4.29 0.95 Initial first quartile rank 4 3.02 1 4.29 0.7 Rule 1 3.20 1 Median use rank: 4 3.54 1 4.5 0.95 value of rank: 3.2 3.79 1 4.5 0.7 first quartile: 3.2 4.21 1 1st Quartile Initial third quartile rank 12 4.50 1 3.2 0.95 Rule 1 4.77 1 3.2 0.7 use rank: 12 5.12 1 3rd Quartile value of rank: 5.55 5.13 1 5.55 0.95 third quartile: 5.55 5.55 1 5.55 0.7 6.10 1 Std. Deviation 6.19 1 1.64 3.28 4.91 6.46 1 1 Std. Dev 0.98 2.65 0.9 0.98 5.92 0.9 2 Std Dev. 1.01 0.8 7.56 0.8 3 Std Dev -0.63 0.7 9.2 0.7 Summary Mean 4.2867 Median 4.5000 1st Quartile 3.2000 3rd Quartile 5.5500 Std. Deviation 1.6380 -2 0 2 4 6 8 Dot Scale Diagram
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s applies applies 10 Column B Column D Column D Column D Column D Column D Column D Column D
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Minutes 4.21 Mean 4.2867 5.55 Median 4.5000 3.02 1st Quartile 3.2000 5.13 3rd Quartile 5.5500 4.77 St Dev 1.6380 2.34 Var 2.6830 3.54 Range 6.08 3.20 InterQuartile 2.3500 4.50 C/V 38.21% 6.10 Skew -0.83 0.38 5.12 6.46 6.19 3.79 C. The data is negative skewed because the mean is reduce by a very low value. D. "Certainly" less then 5 minutes is an inaccurate statement some customers wait more. You would also have to define certainly.
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Unformatted text preview: E. This is a managerial decision that needs to have costs and benefits weighed. We only have stat info which is needed but we do not know value of prize given to customer. pg 129 # 14 Waiting Time Waiting Time 0.38 1 Mean Quartile Calculations 2.34 1 4.29 0.95 Initial first quartile rank 4 3.02 1 4.29 0.7 Rule 1 3.20 1 Median use rank: 4 3.54 1 4.5 0.95 value of rank: 3.2 3.79 1 4.5 0.7 first quartile: 3.2 4.21 1 1st Quartile Initial third quartile rank 12 4.50 1 3.2 0.95 Rule 1 4.77 1 3.2 0.7 use rank: 12 5.12 1 3rd Quartile value of rank: 5.55 5.13 1 5.55 0.95 third quartile: 5.55 5.55 1 5.55 0.7 6.10 1 Std. Deviation 6.19 1 1.64 3.28 4.91 6.46 1 1 Std. Dev 0.98 2.65 0.9 0.98 5.92 0.9 2 Std Dev. 1.01 0.8 7.56 0.8 3 Std Dev-0.63 0.7 9.2 0.7 Summary Mean 4.2867 Median 4.5000 1st Quartile 3.2000 3rd Quartile 5.5500 Std. Deviation 1.6380 s applies applies...
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This homework help was uploaded on 04/18/2008 for the course ECO 221 taught by Professor Mostaghimi during the Fall '08 term at S. Connecticut.

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ECO 221 HW p127 # 14 - E This is a managerial decision that...

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