A plumbing supplier's mean monthly demand for vinyl washers is 24,212 with a standard deviation of 6,053. The mean monthly demand for steam boilers is 6.8 with a standard deviation of 1.7. Compare the variability of these distributions. Which demand pattern has more relative variation? Explain.
Answer to relevant QuestionsThe table below shows average daily sales of Rice Krispies in the month of June in 74 Noodles & Company restaurants. (a) Make a histogram for the data. (b) Would you say the distribution is skewed? (c) Calculate the mean and ...At the Midlothian Independent Bank, a study shows that the mean ATM transaction takes 74 seconds, the median 63 seconds, and the mode 51 seconds. (a) Sketch the distribution, based on these statistics. (b) What factors might ...(a) Use Excel functions to calculate the mean and standard deviation for weekend occupancy rates (percent) in nine resort hotels during the off-season. (b) What conclusion would a casual observer draw about center and ...An executive's telephone log showed the lengths of 65 calls initiated during the last week of July. (a) Sort the data. (b) Find the mean, median, and mode. (c) Do the measures of center agree? Explain. (d) Are the data ...A survey asked tax accounting firms their business form (S = sole proprietorship, P = partnership, C = corporation) and type of risk insurance they carry (L = liability only, T = property loss only, B = both liability and ...
Post your question