Examlex

Solved

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. 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? 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?


Definitions:

Line of Credit

A flexible loan from a bank or financial institution that offers a borrower the ability to draw funds as needed, up to a specified limit.

Related Questions