Centarl Tendency-Skewness-Detecting Outliers-Students

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4.

21
5.55
3.02
5.13
4.77
2.34 As a customer walks into the branch office during the lunch hour,
3.54 she asks the branch manager how long she can expect to wait. The
branch manager replies, “Almost certainly less than five minutes”.
3.2 On the basis of the results of (a) and (b), evaluate the accuracy of
4.5 this statement.
Ans:
6.1
0.38
5.12
6.46
6.19
3.79
Mean
Median
Variance
Sd
CV
Suppose that the branch manager would like to guarantee a
certain level of service during the peak lunch period. Failure to
obtain service within a specified time would result in a small
monetary payment or gift to the customer. What waiting time do
you think should be used as a cutoff above which this gift would
be provided? Explain your answer.

Ans:
e lunch hour,
ct to wait. The
five minutes”.
e accuracy of

arantee a
d. Failure to
n a small
aiting time do
his gift would
525 530 530 535 535 535 535 535 540
540 540 540 545 545 545 545 545 550
550 550 550 550 550 560 560 560 565
565 570 570 572 575 575 575 580 580
580 585 590 590 590 600 600 600 600
610 615 625 625 625 635 649 650 670
675 675 680 690 700 700 700 700 715
540 Seventy efficiency apartments were randomly sampled in a
college town. The monthly rent prices for the apartments are
550 listed below in ascending order.
565 make a frequency distribution to comment upon the skewness
580 of data
610
670
715
d)As a customer walks into the branch office during
9.66 the Friday evening hours, he asks the branch
5.9 manager how long she can expect to wait. The
branch manager replies, “Almost certainly less than
8.02 five minutes”. On the basis of the results of (a) and
5.79 (b), evaluate the accuracy of this statement.
8.73
Ans: branch Manager's statement “Almost certainly
3.82 less than five minutes”, is invalid as mean is 7.11
8.01 minutes.
8.35
10.49
6.68
5.64
4.08
6.17 e)Suppose that the branch manager would like to guarantee a certai
service during the Friday evening hours. Failure to obtain service wit
9.91 time would result in a small monetary payment or gift to the custom
5.47 waiting time do you think should be used as a cutoff above which th
be provided? Explain your answer.
mean 7.114667 ans)One SD limit (67% of the customers): upper limit is 9.19 minutes
median 6.68 approx.may be considered as the cutoff time , beyond which a smal
Max 10.49 Min 3.82 payment or gift may be given to the customes.
range 6.67 max-min
variance 4.335512
SD 2.082189
CV 29.26615 SD/mean*100
office during
ranch
ait. The
nly less than
ts of (a) and
ment.

ost certainly
an is 7.11

would like to guarantee a certain level of


rs. Failure to obtain service within a specified
payment or gift to the customer. What
sed as a cutoff above which this gift would

rs): upper limit is 9.19 minutes. So 9 minutes


off time , beyond which a small monetary
ustomes.
Method 1980 2000 2002
Punch
18.5 18.5 15.5
cards

Lever
36.7 14.4 10.6
machines

Paper
40.7 11.9 10.5
ballots
Optical
0.8 41.5 43
scan
Electroni
0.2 9.3 16.3
c
Mixed 3.1 4.4 4.1

Method 1980 2000 2002


Punch
31.7 31.4 22.6
cards

Lever
42.9 17.4 15.5
machines

Paper
10.5 1.5 1.3
ballots
Optical
2.1 30.8 31.8
scan
Electroni
0.7 12.2 19.6
c
Mixed 12 6.7 9.3
2002

Punch cards Lever machines Paper ballots


Optical scan Electronic Mixed
1980 2000 2002 1980 2000 2002
Punch cards 18.5 18.5 15.5 Punch cards 31.7 31.4 22.6
Lever machines 36.7 14.4 10.6 Lever machines 42.9 17.4 15.5
Paper ballots 40.7 11.9 10.5 Paper ballots 10.5 1.5 1.3
Optical scan 0.8 41.5 43 Optical scan 2.1 30.8 31.8
Electronic 0.2 9.3 16.3 Electronic 0.7 12.2 19.6
Mixed 3.1 4.4 4.1 Mixed 12 6.7 9.3

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