Compute the range, Florida Power & Light (FP&L) Company Ins

Compute the range

Assignment Help Management Theories

Reference no: EM131454890

Question: Florida Power & Light (FP&L) Company Ins enjoyed a reputation for quickly fixing its electric system after storms. However. during the hurricane seasons of 2004 and 2005, a new reality was that the company's historical approach to emergency electric system repairs was no longer good enough (The Wall Street Journal, January 16. 2006). Data showing the days required to restore electric service after seven hurricanes during 2004 and 2005 follow.

Based on this sample of seven, compute the following descriptive statistics:

a. Mean, median, and mode

b. Range and standard deviation

c. Should Wilma be considered an outlier in terms of the days required to restore electric service?

d. The sewn hurricanes resulted in I0 million service interruptions to customers. Do the statistics show that FPL should consider updating its approach to emergency electric system repairs? Discuss.

Reference no: EM131454890

Questions Cloud

Indicate whether the us company should use a long contract : Indicate whether the U.S. Company should use a long or short forward contract to hedge currency risk.

Evaluate the degree to which the program you selected : Evaluate the degree to which the program you selected met its outcomes. Provide support for your evaluation

What is the z-score for a backyard structure : Many families in California are using backyard structures for home offices, art studios, and hobby areas as well as for additional storage.

Discuss role of sociocultural factors on problem gambling : Topic: Practical treatments considering the role of sociocultural factors on problem gambling

Compute the range : Florida Power & Light (FP&L) Company Ins enjoyed a reputation for quickly fixing its electric system after storms. However. during the hurricane seasons of 2004

Analyze the advantages of financial hedging of the firm : Analyze the advantages of financial hedging of the firm's operating exposure. compare the costs of hedging via forward contracts and options contracts.

Should the use of camera phones be banned in gymnasiums : Should insurance companies be required to pay for breast reconstruction, birth control pills, or Viagra? Should the use of camera phones be banned in gymnasiums

Origin of emergency management : Explain the origin of emergency management and the historical factors that helped lay the foundation for the profession of emergency management.

Estimate the percentage of ncaa games : A sample of 10 NCAA college basketball game scores provided the following data (USA Today, January 26, 2004).

User Account

All Pages