In a study of cell phone service released by J.D. Power and Associates in 2012 (source: jdpower.com),

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In a study of cell phone service released by J.D. Power and Associates in 2012 (source: jdpower.com), the aver-age time that customers who called their cell phone company were put on hold before they were able to speak to a customer service representative was 4.6 minutes. Assume the distribution of hold times is normal, with a standard deviation of 1.2 minutes.
a. What percentage of customers experienced a hold time greater than 6 minutes?
b. What percentage of customers experienced a hold time between 3 and 5 minutes?
c. 80% of the customers were on hold for between _____ minutes and _____ minutes. (Make your interval symmetric around the mean.)
d. 50% of the customers were on hold for between 3.5 minutes and ____ minutes. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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