00:01
Suppose a bank branch located in a residential area is concerned with its service during the noon to 1 p .m.
00:07
Lunch hour.
00:08
The waiting times and minutes collected from a sample of 15 customers during this hour are listed below.
00:14
All right, so i've listed them here.
00:19
Part a, compute the mean and the median.
00:22
So the mean is 6 .9013.
00:28
The median is 6 .18.
00:33
For part b, compute the variance, standard deviation.
00:37
Range, coefficient of variance, and z scores.
00:42
So the variance is sometimes a little easier to find if you found the standard deviation.
00:49
So the standard deviation is 2 .1323, which means the variance is 4 .5467.
00:56
The range is 6 .7.
01:02
The coefficient of variance is the standard deviation divided by the mean, which is 0 .3090.
01:10
And for z scores, we have to do those for each one.
01:16
So remember z scores, you take the mean or your score minus the mean divided by the standard deviation.
01:24
So i'm just going to write the scores out.
01:26
So 1 .26, negative 0 .43, 0 .53, negative 0 .51, 0 .94, negative 1 .47, negative 0 .98 .8.
01:45
And i realize i have this score transpose, so let me fix that.
01:51
This should be 4 .82.
01:54
There we go...