Identify the mean and median for waiting times

Reference no: EM13145754

The manager of a bank recorded the amount of time each customer spent waiting in line during peak business hours one Monday. The grouped frequency distribution below summarizes the results.

Waiting Time (Minutes) # of Customers

0-2 14

3-5 10

6-8 9

9-11 8

12-14 5

15-17 3

18-20 1

Based on the grouped frequency distribution, you are to identify the mean and median for waiting times.

Reference no: EM13145754

Questions Cloud

What is the area of the countries around the red sea : What is the area of the countries around the red sea (egypt, sudan, entrea, somalia, yemen and saudi arabia, etc.) also known as?

Journal entries to record sale and purchase : Prepare the journal entries to record the sale, purchase, and adjusting entries related to the trading securities in the last quarter of 2010. How would the entries in part (a) change if the securities were classified as available-for-sale?

Explain what is the minimum number of packages of buns : If you want to feed everyone, but still have equal numbers of buns and hot dogs, what is the minimum number of packages of buns and hot dogs you need, respectively?

How many grams of gasoline would fill a 15.1 gal tank : A particular brand of gasoline has a density of 0.737 rm g/mL at 25 C. How many grams of this gasoline would fill a 15.1 gal tank?

Identify the mean and median for waiting times : The grouped frequency distribution below summarizes the results. Based on the grouped frequency distribution, you are to identify the mean and median for waiting times.

Monopolistic competitive firms face a downward-sloping : pure competition firms make economic losses, but monopolistic competitive firms make economic profits. d) pure competitors confront a perfectly elastic demand curve, while monopolistic competitive firms face a downward-sloping demand curve.

Calculate the gain or loss on the retirement of bonds : A company has 10%, 20-year bonds outstanding with a par value of $500,000. The company calls the bonds at 96 when the unamortized discount is $24,500. Calculate the gain or loss on the retirement of these bonds.

Schedule of interest revenue and bond discount amortization : Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective- interest method. Prepare the journal entry for the interest receipt of December 31, 2011, and the discount amorti- zation under the straight-line..

Explain the ph in the stomach of a certain animal : The pH in the stomach of a certain animal is 3.8. This means that the hydrogen ion concentration in the stomach

User Account

All Pages