Examlex

Solved

Find the Coefficient of Variation for Each of the Two  Automated Menu: 11.77.43.92.99.26.35.5\begin{array} { l l l l l l l } \text { Automated Menu: } 11.7 & 7.4 & 3.9 & 2.9 & 9.2 & 6.3 & 5.5 \end{array}

question 86

Multiple Choice

Find the coefficient of variation for each of the two sets of data, then compare the variation. Round results to one decimal
place.
-The customer service department of a phone company is experimenting with two different systems. On Monday they try the first system which is based on an automated menu system. On Tuesday they try the second
System in which each caller is immediately connected with a live agent. A quality control manager selects a
Sample of seven calls each day. He records the time for each customer to have his or her question answered. The
Times (in minutes) are listed below.  Automated Menu: 11.77.43.92.99.26.35.5\begin{array} { l l l l l l l } \text { Automated Menu: } 11.7 & 7.4 & 3.9 & 2.9 & 9.2 & 6.3 & 5.5 \end{array}
 Live agent: 6.22.94.44.13.45.23.7\begin{array} { l l l l l l l l l } \text { Live agent: } & 6.2 & 2.9 & 4.4 & 4.1 & 3.4 & 5.2 & 3.7 \end{array}


Definitions:

Credit Swap

A financial derivative contract allowing two parties to exchange streams of interest payments or commodity flows for a set period, based on a predetermined notional principal amount.

Mortgage-Backed Securities

These are bonds secured by home and other real estate loans. They are created by pooling mortgages and then selling interests in that pool to investors.

FNMA

The Federal National Mortgage Association, known as Fannie Mae, a government-sponsored enterprise that provides liquidity to the mortgage market.

FHLMC

The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a public government-sponsored enterprise (GSE) that specializes in secondary mortgage markets by purchasing mortgages and securitizing them.

Related Questions