The mean and the standard deviation of the sample of 100 bank customer waiting times are and

Question:

The mean and the standard deviation of the sample of 100 bank customer waiting times are and =5.46 and s = 2.475.
a. What does the histogram in Figure 2.16 say about whether the Empirical Rule should be used to describe the bank customer waiting times?
b. Use the Empirical Rule to calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all possible bank customer waiting times.
c. Does the estimate of a tolerance interval containing 68.26 percent of all waiting times provide evidence that at least two- thirds of all customers will have to wait less than eight minutes for service? Explain your answer.
The mean and the standard deviation of the sample of
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Business Statistics

ISBN: 9780078020537

5th Edition

Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or

Question Posted: