Here Are Summary Statistics for the Time,in Minutes,it Took for 20

question 137

Multiple Choice

Here are summary statistics for the time,in minutes,it took for 20 people to complete an information survey at a walk-in medical clinic. $$\begin{array} { c | c | c | c | c | c | c | c } \text { Count } & \text { Mean } & \text { Median } & \text { StdDev } & \text { Min } & \text { Max } & \text { Q1 } & \text { Q3 } \\\hline 20 & 3.23 & 3.45 & 1.2 & 0.4 & 7.0 & 2.1 & 3.8\end{array}$$ Write a few sentences about the amount of time these people took to complete the information survey.

• A)The 20 times range in length between 0.4 and 7 minutes.The median time is 3.45 minutes,so half are longer and half are shorter.The middle 50% of these times range between 2.1 and 3.8 minutes.The distribution is skewed to the right,with at least the outlier 0.4 minutes.
• B)The 20 times range in length between 0.4 and 7 minutes.The median time is 3.23 minutes,so half are longer and half are shorter.The middle 50% of these times range between 2.1 and 3.45 minutes.The distribution is skewed to the right,with at least the outlier 7 minutes.
• C)The 20 times range in length between 0.4 and 7 minutes.The median time is 3.45 minutes,so half are longer and half are shorter.The middle 50% of these times range between 2.1 and 3.8 minutes.The distribution is skewed to the right,with no outliers.
• D)The 20 times range in length between 0.4 and 7 minutes.The median time is 3.45 minutes,so half are longer and half are shorter.The middle 50% of these times range between 0.4 and 3.8 minutes.The distribution is skewed to the left,with at least the outlier 0.4 minutes.
• E)The 20 times range in length between 0.4 and 7 minutes.The median time is 3.45 minutes,so half are longer and half are shorter.The middle 50% of these times range between 2.1 and 3.8 minutes.The distribution is skewed to the left,with at least the outlier 7 minutes.

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Definitions:

Gross Profit

The difference between sales and the cost of goods sold, representing the profit from buying and selling goods before other expenses are taken out.

Cost of Merchandise Sold

The total expense incurred by a company to buy or manufacture the goods sold during a period.

Gross Profit

The difference between revenue from sales and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.

Sales

The transactions involving the exchange of goods or services for money, reflecting the primary revenue source for most businesses.