The Following Frequency Distribution Shows the Distribution of Delivery Times

question 90

Essay

The following frequency distribution shows the distribution of delivery times (in days) for swimstuff.com customer orders during the last month. For 300 observations, our rule-of-thumb for number of classes would indicate 9 classes. In this case what is the class interval and why would it be reasonable to use that class interval and only 6 classes?

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Definitions:

Functional Revenues

Functional revenues refer to the income generated from the primary activities of a business or organization, directly related to its core operations.

Operational Obstacles

Challenges or barriers that occur during the day-to-day operations of a business, affecting its efficiency and effectiveness.

Incentive Obstacles

These are barriers or challenges to motivating individuals or organizations to achieve desired behaviors or outcomes.

Pricing Obstacles

Challenges or factors that prevent a company from setting prices at the desired level or according to its strategic objectives.