Question: In an effort to provide more consistent customer service, the manager of a local fast-food restaurant would like to know the dispersion of customer service

In an effort to provide more consistent customer service, the manager of a local fast-food restaurant would like to know the dispersion of customer service times about their average - value for the facility’s drive-up window. The file P2_4.XLS contains 200 customer service times, all of which were observed during the busiest hour of the day for this fast-food operation.

a. Find and interpret the variance and standard deviation of these sample values.

b. Are the rules of thumb applicable in this case? If so, apply the rules of thumb and interpret your results. If not, explain why the rules of thumb are not applicable here.

Step by Step Solution

3.48 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The variance of the sample values is 12064 and the standard deviation is 1103 minutes This means t... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!