Question

In: Statistics and Probability

The table below shows the time in minutes that customers    spent waiting in a bank....

The table below shows the time in minutes that customers

   spent waiting in a bank.

Time (min.)

Frequency

  1. 5

7

    6-10

8

   11-15

9

   16-20

4

   21-25

6

  1. Calculate the mean, mode and median       [4+4 + 4]

(b) Calculate the variance.                                    [5]

(c) Calculate the standard deviation.                  [2]

(d) Calculate the coefficient of skewness           [3]

(e) Calculate the coefficient of variation.

Solutions

Expert Solution

Answer:-

Given that:-

Time(min) Frequency
(1-5) 7
(6-10) 8
(11-15) 9
(16-20) 4
(21-25) 6

For class intervals are not continuous , first it is to be converted in to continuous class by following method

If d is the gap between the upper limit of any class and lower of the succeding class, the class boundries for any class are then given by:

Upper class boundary = Upper class limit +

Lower class boundary = Lower class limit -

For given data d=1

Continuous classes Mid values Frequency Cumulatative (c.f)
0.5-5.5 3 7 7 21 63
5.5-10.5 8 8 15 64 512
10.5-15.5 13 9 24 117 1521
15.5-20.5 18 4 20 72 1296
20.5-25.5 23 6 34 130 3174
Total 65 34 - 412 6566

(a)(i) Mean

(ii)Mode for cpntinuous frequency distribution

Modewhere l= lower limit of modal class

h= mognitude of modal class

= frequency of modal class

and are frequencyes of the classes precrding and succeding the modal class respectively

Modal class is a class which has maximum frequency.

for given data class(10.5-15.5) has maximum frequency 9 So this become modal class of given data

l = 10.5

h= 5 (which of class interval i.e., 15.5-10.5=5)

Mode

(iii) Median

where

l = is the lower limit of the median class

f= is the frequency of the median class

h = is the magnitude of the median class

'C'= is the c.f(Cumulative frequency ) of the class preceding the median class

and

The median class is the class corresponding to the c.f just greater than

for given data

is median class

l = 10.5

f = 9

N= 34

C= 15

h = 5

Median

(b) Variance=

  

(c) Standard deviation

  

=6.80

(d) Coefficient of skewness

=Mean-mode/Standard deviation

sistribution is positively skewed.

(e) coefficient of variance

  = standard deviation/mean


Related Solutions

Waiting times (in minutes) of customers at a bank where all customers enter a single waiting...
Waiting times (in minutes) of customers at a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the coefficient of variation for each of the two sets of data, then compare the variation. Bank A (single line): 6.5 6.6 6.7 6.9 7.1 7.3 7.4 7.6 7.7 7.8 Bank B (individual lines): 4.4 5.4 5.7 6.2 6.7 7.7 7.8 8.4 9.4 9.9 The...
Waiting times​ (in minutes) of customers at a bank where all customers enter a single waiting...
Waiting times​ (in minutes) of customers at a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the coefficient of variation for each of the two sets of​ data, then compare the variation. Bank A​ (single line): 6.6 nbsp 6.6 nbsp 6.7 nbsp 6.8 nbsp 7.0 nbsp 7.3 nbsp 7.5 nbsp 7.7 nbsp 7.7 nbsp 7.8 Bank B​ (individual lines): 4.4 nbsp...
Waiting times​ (in minutes) of customers in a bank where all customers enter a single waiting...
Waiting times​ (in minutes) of customers in a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the mean and median for each of the two​ samples, then compare the two sets of results. Single Line 6.5 6.6 6.7 6.8 7.0 7.1 7.5 7.6 7.6 7.6 Individual Lines 4.2 5.4 5.8 6.2 6.5 7.6 7.6 8.6 9.2 9.9 The mean waiting time...
Waiting times​ (in minutes) of customers at a bank where all customers enter a single waiting...
Waiting times​ (in minutes) of customers at a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the coefficient of variation for each of the two sets of​ data, then compare the variation. Bank A​ (single line): 6.5 6.6 6.7 6.8 7.1 7.4 7.4 7.6 7.7 7.8 Bank B​ (individual lines): 4.2 5.4 5.8 6.2 6.7 7.7   7.8 8.6 9.3 9.9 The coefficient...
14.Waiting times​ (in minutes) of customers at a bank where all customers enter a single waiting...
14.Waiting times​ (in minutes) of customers at a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the coefficient of variation for each of the two sets of​ data, then compare the variation Bank A (single line) Bank B (individual lines) 6.4 4.3 6.5 5.5 6.6 5.9 6.8 6.3 7.1 6.7 7.4 7.6 7.4 7.8 7.7 8.4 7.7 9.4 7.8 9.7 The...
A local bank claims that the waiting time for its customers to be served is the...
A local bank claims that the waiting time for its customers to be served is the lowest in the area. A competitor bank checks the waiting times at both banks. The sample statistics are listed below. Test the local bank's claim. Use the information given below. Use the significant level of .05 and assume the variances are equal. sample size Local Bank n1 = 46 Competitor Bank n2 = 50 Average waiting time in minutes for each sample Xbar1 =...
The data table contains waiting times of customers at a​ bank, where customers enter a single...
The data table contains waiting times of customers at a​ bank, where customers enter a single waiting line that feeds three teller windows. Test the claim that the standard deviation of waiting times is less than 2.3 ​minutes, which is the standard deviation of waiting times at the same bank when separate waiting lines are used at each teller window. Use a significance level of 0.01. Complete parts​ (a) through​ (d) below. customer waiting times (in minutes) 8.1 7.2 6.4...
The data table contains waiting times of customers at a​ bank, where customers enter a single...
The data table contains waiting times of customers at a​ bank, where customers enter a single waiting line that feeds three teller windows. Test the claim that the standard deviation of waiting times is less than 1.8 ​minutes, which is the standard deviation of waiting times at the same bank when separate waiting lines are used at each teller window. Use a significance level of 0.05. 1. Compute the test statistic. 2.Find the P-value of the test statistic. 6.8 7.4...
The data table contains waiting times of customers at a​ bank, where customers enter a single...
The data table contains waiting times of customers at a​ bank, where customers enter a single waiting line that feeds three teller windows. Test the claim that the standard deviation of waiting times is less than 1.5 ​minutes, which is the standard deviation of waiting times at the same bank when separate waiting lines are used at each teller window. Use a significance level of 0.05. Complete parts​ (a) through​ (d) below. A. Identify the null and alternative hypotheses for...
The values listed below are waiting times? (in minutes) of customers at two different banks. At...
The values listed below are waiting times? (in minutes) of customers at two different banks. At Bank? A, customers enter a single waiting line that feeds three teller windows. At Bank? B, customers may enter any one of three different lines that have formed at three teller windows. Answer the following questions. Bank A 6.36.3 6.66.6 6.76.7 6.86.8 7.17.1 7.37.3 7.47.4 7.87.8 7.87.8 7.87.8 Bank Upper BBank B 4.24.2 5.45.4 5.85.8 6.26.2 6.76.7 7.77.7 7.77.7 8.68.6 9.39.3 10.010.0 Construct aa...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT