ECON 174 Lecture Notes - Lecture 1: Time Series, White Noise, Correlogram
28 views3 pages
8 Jan 2020
School
Department
Course
Professor
Get access
Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers
Related Documents
Related Questions
The following data represent the number of appointments made per 15-minute interval by telephone solicitation for a lawn-care company.
Number of appointments | Frequency of occurrence | cumulative relative frequency |
0 | 31 | Ā |
1 | 57 | Ā |
2 | 26 | Ā |
3 | 14 | Ā |
4 | 6 | Ā |
5 | 3 | Ā |
a. Based on the tabular data, during the period that this information was collected, how many appointments were made?
b. If the boss wished to set a performance standard based on the mode, how many appointments should we expect an employee to make?
c. If the boss chose to set the performance standard based on the median, would anything change?
d. Based on the table, we should expect employees to make at least 2 appointments what percentage of the time?
e. Complete the missing table elements (cumulative relative frequency).