Week 1

676 WordsMar 8, 20123 Pages
Resource: Statistical Techniques in Business & Economics Prepare responses to the following exercises from the text: Exercises 80, 82, and 87 (Ch. 3) 80. Creek Ratz is a very popular restaurant located along the coast of northern Florida. They serve a variety of steak and seafood dinners. During the summer beach season, they do not take reservations or accept “call ahead” seating. Management of the restaurant is concerned with the time a patron must wait before being seated for dinner. Listed below is the wait time, in minutes, for the 25 tables seated last Saturday night. 28 39 23 67 37 28 56 40 28 50 51 45 44 65 61 27 24 61 34 44 64 25 24 27 29 a. Explain why the times are a population. b. Find the mean and median of…show more content…
c. Estimate the percent that did not have any dental expense. d. What was the cost for the 10 percent of employees who incurred the highest dental expense?

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