The Manager of a Bank Recorded the Amount of Time

question 45

Multiple Choice

The manager of a bank recorded the amount of time each customer spent waiting in line during peak business hours one Monday. The frequency table below summarizes the results. $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Waiting Time } \\\text { (minutes) }\end{array} & \begin{array} { l } \text { Number of } \\\text { Custemers }\end{array} \\\hline 0 - 3 & 9 \\\hline 4 - 7 & 10 \\\hline 8 - 11 & 12 \\\hline 12 - 15 & 4 \\\hline 16 - 19 & 4 \\\hline 20 - 23 & 2 \\\hline 24 - 27 & 2 \\\hline\end{array}$$ If we randomly select one of the customers represented in the table, what is the probability
That the waiting time is at least 12 minutes or between 8 and 15 minutes?

• A)0.558
• B)0.651
• C)0.093
• D)0.727

Understand the conditions necessary for successful open innovation.

Learn about the mechanisms to improve creativity in the workplace.

Understand the importance of random sampling in research.

Recognize the concept of populations in psychological studies.

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Definitions:

Traditional Organization

Describes an organizational structure characterized by a clear hierarchy, rigid departmentalization, and a focus on adherence to established procedures and policies.

Localization

the process of adapting a product, application, or content to meet the language, cultural, and other requirements of a specific target market or locale.

Glocalization

A portmanteau of globalization and localization, describing how global practices are adapted to local cultures and environments.

Homogenization

The process by which cultures, customs, or items become uniform and similar, often as a result of globalization, leading to the reduction of cultural diversity.