The frequency bar chart shows last months delivery times for packages shipped through National Express by customers
Question:
The frequency bar chart shows last month’s delivery times for packages shipped through National Express by customers who used National’s three-day delivery time option.
a. In one or two sentences, summarize the information that the chart is providing.
b. Show the approximate location of the mean, median and mode for the delivery time distribution. (Don’t make any detailed calculations. Just give an “educated” estimate.)
c. The MAD for the distribution looks to be approximately
i) 1.5
ii) 5.5
iii) 8.5
iv) 15
d. The standard deviation for the distribution looks to be approximately
i) 1
ii) 2
iii) 8
iv) 12
DistributionThe 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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Question Posted: