The 25th Percentile for Waiting Time in a Doctor's Office

question 115

Multiple Choice

The 25th percentile for waiting time in a doctor's office is 19 minutes.The 75th percentile is 31 minutes.Which is incorrect regarding the fences?

• A)The upper inner fence is 49 minutes.
• B)The upper outer fence is 67 minutes.
• C)A waiting time of 45 minutes exceeds the upper inner fence.
• D)A waiting time of 70 minutes would be an outlier.

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Definitions:

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The charges a company faces in the process of making, holding, and vending one individual unit of a particular product or service.

Optimal Quantity

The amount of a good or service that achieves the best balance between benefits and costs, maximizing net benefits to the consumer or producer.

Optimal Allocation

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