Problem 8E

The accounting department at a mail-order company counted the following numbers of incoming calls per day to the company's toll-free number during the first 7 days in May: 14,24, 19, 31, 36, 26, 17.

(a). Compute the arithmetic mean. (b). Indicate whether it is a statistic or a parameter.

Problem 8E

The accounting department at a mail-order company counted the following numbers of incoming calls per day to the company's toll-free number during the first 7 days in May: 14,24, 19, 31, 36, 26, 17.

(a). Compute the arithmetic mean. (b). Indicate whether it is a statistic or a parameter.

Step by Step Solution

Step 1 of 2

(a)

The arithmetic mean,