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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen
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The Thomas Supply Company, Inc., is a distributor of

Chapter 4, Problem 5E

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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

27

31

34

34

34

35

35

36

37

38

41

41

41

45

47

47

47

50

51

53

54

56

62

67

82

a. Determine the first and third quartiles.

b. Determine the second decile and the eighth decile.

c. Determine the 67th percentile.

Questions & Answers

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

27

31

34

34

34

35

35

36

37

38

41

41

41

45

47

47

47

50

51

53

54

56

62

67

82

a. Determine the first and third quartiles.

b. Determine the second decile and the eighth decile.

c. Determine the 67th percentile.

ANSWER:

Step 1 of 4

The  time in days taken by the customers  to pay their invoices for The Thomas Supply Company Inc.are given.

Using this given data we need to find the required values.

The given data is

13

13

13

20

26

27

31

34

34

34

35

35

36

37

38

41

41

41

45

47

47

47

50

51

53

54

56

62

67

82

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