Question: A bank branch located in a commercial district of a city has the business objective of developing an improved process for serving customers during the
a. Compute the mean and median.
b. Compute the variance, standard deviation, range, coefficient of variation, and Z scores. Are there any outliers? Explain.
c. Are the data skewed? If so, how?
d. As a customer walks into the branch office during the lunch hour, she asks the branch manager how long she can expect to wait. The branch manager replies, "Almost certainly less than five minutes." On the basis of the results of (a) through (c), evaluate the accuracy of this statement.
4.21 5.55 3.02 5.13 4.77 2.34 3.54 3.20 4.50 6.10 0.38 5.12 6.46 6.19 3.79
Step by Step Solution
3.42 Rating (155 Votes )
There are 3 Steps involved in it
Excel output Waiting Time Mean 4286667 Standard Error 0422926 Median 45 Mode NA Standard Deviation 1... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
854-M-S-D-A (7481).docx
120 KBs Word File
