Question

The accounting firm of Crawford and Associates has five senior partners. Yesterday the senior partners saw...

The accounting firm of Crawford and Associates has five senior partners. Yesterday the senior partners saw six, five, six, five, and nine clients, respectively.

a. Compute the mean and median number of clients seen by the partners. (Round your answers to 2 decimal places.)

Mean
Median

b. The data represents a _______ (Sample, population, grouped data, geometric mean)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The 5 senior partners has clients x : 6,5,6,5,9

The mean = \sumX/n = 31/5 = 6.2

Mean = 6.2

Now median is the observation which divides the data into two parts

first we have to take data into ascending order

So 5,5,6,6,9

The median = ( no.of observations + 1 )/2 th observation

={(5+1)/2}th​​​​​ observation = 3rd observation

Median = 6

b) The data represents a population.

Add a comment
Know the answer?
Add Answer to:
The accounting firm of Crawford and Associates has five senior partners. Yesterday the senior partners saw...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • A law firm has nine senior and five junior partners. A committee of three partners is...

    A law firm has nine senior and five junior partners. A committee of three partners is selected at random to represent the firm at a conference. What is the probability that at least one of the junior partners is on the committee? (round to three decimal places)

  • QUESTION 19 Baxter Associates is an accounting firm that uses an activity-based costing system. Baxter has...

    QUESTION 19 Baxter Associates is an accounting firm that uses an activity-based costing system. Baxter has developed the following activity pool cost rates: Activity Activity rate Audit testing $ 75 Per hour of staff time Tax Planning $250 Per hour of partner time Report Preparation $ 45 Per report Cost and activity data related to two clients is as follows: Client 867 Client 928 20 85 Number of staff hours Number of partner hours Number of reports 15 20 10...

  • An accounting firm has 72 members in 6 departments. Each department has 1 senior partner (SP),...

    An accounting firm has 72 members in 6 departments. Each department has 1 senior partner (SP), 2 junior partners (JP) and 9 associates (AS). A sample of 12 of the firm's members will be chosen to attend a professional conference. Choose the best description of each of these sampling methods. Choose the first 12 names on the alphabetical listing of all 72 of the firm's members. →   Simple Random Sampling Stratified Random Sampling Cluster Random Sampling Multistage Sampling Systematic Sampling...

  • Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can...

    Quality Associates, Inc., a consulting firm, advises its clients about sampling and statistical procedures that can be used to control their manufacturing processes. In one particular application, a client gave Quality Associates a sample of 800 observations taken during a time in which that client’s process was operating satisfactorily. The sample standard deviation for these data was .21; hence, with so much data, the population standard deviation was assumed to be .21. Quality Associates then suggested that random samples of...

  • You roll a six-sided die. Find the probability of each of the following scenarios. (a) Rolling...

    You roll a six-sided die. Find the probability of each of the following scenarios. (a) Rolling a 6 or a number greater than 3 (b) Rolling a number less than 4 or an even number (c) Rolling a 4 or an odd number (a) P(6 or number> 3)- (Round to three decimal places as needed) (b) P/1 or 2 or 3 or 4 or 6)-( Round to three decimal places as needed.) (c) P(4 or 1 or 3 or 5)...

  • You are part of an accounting firm Advisory team that has been engaged by a client to assess how ...

    You are part of an accounting firm Advisory team that has been engaged by a client to assess how they might make their “sales to order” process more “efficient”, perhaps with the introduction of new technologies. The client has provided a written description of their business, and the process under review, as follows: HHH is a small manufacturer of university based sportswear (a highly competitive market where fast response times are prized by customers). Sales span every region of the...

  • You are part of an accounting firm Advisory team that has been engaged by a client to assess how ...

    You are part of an accounting firm Advisory team that has been engaged by a client to assess how they might make their “sales to order” process more “efficient”, perhaps with the introduction of new technologies. The client has provided a written description of their business, and the process under review, as follows: HHH is a small manufacturer of university based sportswear (a highly competitive market where fast response times are prized by customers). Sales span every region of the...

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

  • Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You...

    Budgeting for an Academic Department at a State University: Can You Believe the Numbers? INTRODUCTION You are the senior accounting faculty member in the business school and your dean, Dean Weller, is asking for help. She is very discouraged after a midyear budget meeting with the Vice President of Finance. The college's Department of Social Work has a large budget deficit, and because of this the VP is inclined towards closing the department entirely or closing its bachelor's program. The...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT