Use the Following to Answer Questions

question 39

Short Answer

Use the following to answer questions :
You have just recorded the waiting times for a random sample of 50 customers who visited Elmo's Pizza Shop.The following table gives the frequency distribution of waiting times (in minutes)for these customers.

-The variance of waiting times,rounded to two decimal places,is:

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Definitions:

Receivable Turnover

A financial metric indicating the efficiency of a company in collecting its accounts receivable or the effectiveness of its credit policy.

Inventory Turnover

A metric representing the frequency at which a business's stock is sold and restocked within a given timeframe, reflecting how effectively inventory is handled.

Current Ratio

An indicator of how well a company can handle its immediate debts, assessing its ability to cover obligations maturing in one year or less.

Acid-test Ratio

A financial metric that measures a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.