Data on the variable of interest, length of time (months) in bankruptcy for each firm, are saved

Question:

Data on the variable of interest, length of time (months) in bankruptcy for each firm, are saved in the accompanying file.
a. Construct a histogram for the 49 bankruptcy times. Comment on whether the Empirical Rule is applicable for describing the bankruptcy time for firms filing for prepackaged bankruptcy.
b. Find numerical descriptive statistics for the data set. Use this information to construct an interval that captures at least 75% of the bankruptcy times.
c. Count the number of the 49 bankruptcy times that fall within the interval, part b, and convert the result to a percentage. Does the result agree with Chebyshev's Rule? The Empirical Rule?
d. A firm is considering filing a prepackaged bankruptcy plan. Estimate the length of time the firm will be in bankruptcy.
For Information: Refer to the Financial Management (Spring 1995) study of 49 firms filing for prepackaged bankruptcy, Exercise 2.32.
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...