Question

1. The following are the values of waiting time of 6 customers of a city bank in minutes β, 5, 6, 6, 8, 9 Find mean and stanidará deviations using the formula: n(n-1)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans:

x x^2
3 9
5 25
6 36
6 36
8 64
9 81
Total 37 251

Mean=37/6=6.167

s^2=(6*251-37^2)/(6*(6-1))

s^2=4.567

standard deviation,s=sqrt(4.567)=2.137

Add a comment
Know the answer?
Add Answer to:
1. The following are the values of waiting time of 6 customers of a city bank...
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
  • 1. The following are the values of waiting time of 6 customers of a city bank...

    1. The following are the values of waiting time of 6 customers of a city bank in minutes 5, 5, 6, 6, 8, 9 2, 3, 5, 7, 10, 11 Find mean and standard deviations using the formula: 2.2 12 n(n-1)

  • 1. The following are the values of waiting time of 6 customers of a city bank...

    1. The following are the values of waiting time of 6 customers of a city bank in minutes 3, 5, 6, 6, 8, 9 Find mean and standard deviations using the formula: 2 n(n-1) 2. You have drawn a card from a fully shuffled deck of 52 ordinary playing cards. Find the probabilities Clot b a. P(King or Red)- b. P (Heart or Queen) C. P (Below 5/not Ace)- d. P (Above&/ not Face)- e. P Red / Face 3....

  • 6) The YourMoney Bank claims that the mean waiting time of customers for service at the...

    6) The YourMoney Bank claims that the mean waiting time of customers for service at the drive through window is 3 minutes. a) State the Hypothesis to show the mean waiting time for service different than 3 minutes. b) Choose a level of a. Use a= 0.05 for this problem. c) To test the hypothesis, the quality-assurance department took a sample of 50 customers and records their waiting time in minutes. The data appear in the YourMoney worksheet of the...

  • 4. The values listed are waiting times (in minutes) of customers at the Jefferson Bank., where...

    4. The values listed are waiting times (in minutes) of customers at the Jefferson Bank., where customers enter a single waiting line that feeds three teller windows. Find the critical values 2 and z corresponding to a 95% confidence level. 6.5 6.6 6.7 6.8 7.1 7.3 7.4 7.7 7.7 7.7 O 3.325, 16.919 O 2.700, 19.023 O 3.247, 20.483 O1.237, 14.449 5. Find the 99% confidence interval for the population standard deviation given the following, (1 point) n-17, R 472,s...

  • Sherry is a bank manager and wants to improve the time customers spend on waiting in...

    Sherry is a bank manager and wants to improve the time customers spend on waiting in the lobby for services. she has a large sample of 125 customers. the sample average waiting time (mean) is 11 minutes and s = 4 minutes. she wants to be able to claim that average waiting time is less then 12 minutes. plesse help her test with a=0.02 with this large sample. Step 1 Step 2 Step 3 Step 4. Please tell me if...

  • 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 6.56.5 6.66.6 6.76.7 6.86.8 7.17.1 7.27.2 7.47.4 7.87.8 7.87.8 7.87.8 Individual Lines 4.44.4 5.45.4 5.95.9 6.26.2 6.56.5 7.87.8 7.87.8 8.58.5 9.39.3 9.99.9 The mean waiting time...

  • lues listed are waiting times (in minutes) of customers at the Jeffterson Bank, where (1 pomt)...

    lues listed are waiting times (in minutes) of customers at the Jeffterson Bank, where (1 pomt) customers enter a single waiting line that feeds three teller windows. Find the critical values 21 and 2 corresponding to a 95% confidence level 65 6.6 6.7 6.8 7.1 73 74 77 7.7 77 3.325, 16.919 2.700, 19.023 3247, 20483 1.237, 14.449 5. Given a sample size of 20, what are the critical values 22 and for a 95% confidence level? (1 point) 8.907,...

  • 1. Recall that a bank manager has developed a new system to reduce the time customers...

    1. Recall that a bank manager has developed a new system to reduce the time customers spend waiting to be served by tellers during peak business hours. The mean waiting time during peak business hours under the current system is roughly 9 to 10 minutes. The bank manager hopes that the new system will have a mean waiting time that is less than six minutes. The mean of the sample of 100 bank customer waiting times in Table 1.9 is...

  • 1. Recall that a bank manager has developed a new system to reduce the time customers...

    1. Recall that a bank manager has developed a new system to reduce the time customers spend waiting for teller service during peak hours. The manager hopes the new system will reduce waiting times from the current 9 to 10 minutes to less than 6 minutes. Suppose the manager wishes to use the random sample of 100 waiting times to support the claim that the mean waiting time under the new system is shorter than six minutes. a. Letting μ...

  • The values listed below are waiting times in minutes) of customers at two different banks. Al...

    The values listed below are waiting times in minutes) of customers at two different banks. Al Bank A. customers enter a single waiting line that feeds three teler windows. Al Bank B, customers may enter any one of three different lines that have formed at three toller windows. Answer the following questions Bank A 6.4 6.6 8.7 68 7.1 7.2 Bank B 7.5 42 79 5.4 79 79 68 10.0 Click the icon to view the table of Chi-Square critical...

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