Question

In: Statistics and Probability

There is a very popular restaurant located along the coast of Cape Breton. It serves a...

There is a very popular restaurant located along the coast of Cape Breton. It serves a variety of steak and seafood dinners. During the summer beach season, it does not take reservations. Therefore, Management is concerned about the time a patron has to wait before being seated for dinner. The table below contains the wait times for the 25 tables on a randomly selected Saturday night:

28 39 23 67 37 28 56 40 28 50 51 45 44 65 61 27 24 61 34 44 64 25 24 27 29

a) Find the mean and median of the wait times.

b) Find the range and standard deviation of wait times.

c) Find the coefficient of variation of wait times.

d) Find Pearson’s coefficient of Skewness.

Solutions

Expert Solution

X: wait times for the table

Arrange all observation in ascending order( small to large)

Sr.No X (X-Xbar) (X-Xbar)^2
1 23 -17.84 318.27
2 24 -16.84 283.59
3 24 -16.84 283.59
4 25 -15.84 250.91
5 27 -13.84 191.55
6 27 -13.84 191.55
7 28 -12.84 164.87
8 28 -12.84 164.87
9 28 -12.84 164.87
10 29 -11.84 140.19
11 34 -6.84 46.79
12 37 -3.84 14.75
13 39 -1.84 3.39
14 40 -0.84 0.71
15 44 3.16 9.99
16 44 3.16 9.99
17 45 4.16 17.31
18 50 9.16 83.91
19 51 10.16 103.23
20 56 15.16 229.83
21 61 20.16 406.43
22 61 20.16 406.43
23 64 23.16 536.39
24 65 24.16 583.71
25 67 26.16 684.35
Total 1021 5291.36
Xbar = Total / n 40.84

.


Related Solutions

Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the...
Hiram’s Lakeside is a popular restaurant located on Lake Washington in Seattle. The owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. The intern, in consultation with the owner, identified three major activities and then completed the first-stage allocations of costs to the activity cost pools. The results appear below. Activity Cost Pool Activity Measure Total Cost Total Activity Serving a party of...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT