The Thomas Supply Company Inc. is a distributor of gas-powered generators. As wi
ID: 3352037 • Letter: T
Question
The Thomas Supply Company Inc. is a distributor of gas-powered generators. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of The Thomas Supply Company Inc. invoices.
13
13
13
20
26
29
31
33
34
34
35
35
36
37
38
41
41
41
45
45
47
47
50
51
53
54
56
62
67
82
The Thomas Supply Company Inc. is a distributor of gas-powered generators. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of The Thomas Supply Company Inc. invoices.
Explanation / Answer
The statistical software output for this problem is:
Summary statistics:
Hence,
a) Q1 = 33
Q3 = 50
b) Second decile = 20th percentile = 30
Eighth decile = 80th percentile = 52
c) 67th percentile = 47
Column Q1 Q3 20th Per. 80th Per. 67th Per. Data 33 50 30 52 47Related Questions
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