The average time that Pakistani commute in first three Banks is 18.033 minutes (Customer commute time in Banks, March 25, 2021). The average commute times in minutes for 8 Banks are given in Table 3.1. Table 3.1 Banks Time (minutes) HBL 15.6 JS Bank 18.4 Faisal Bank 20.1 UBL 17.7 Mezan Bank 12.3 Allied Bank 23.8 Askari Bank 22.5 Habib Metro Bank 14.9 HBL 15.6 JS Bank 18.4 a) What is the mean commute time for these 8 Banks? b) What is the median commute time for these 8 Banks? c) What is the mode for these 8 Banks? d) What is the variance and standard deviation of commute times for these 8 Banks?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
The average time that Pakistani commute in first three Banks is 18.033 minutes (Customer commute time in Banks, March 25, 2021). The average commute times in minutes for 8 Banks are given in Table 3.1.
Table 3.1
|
Banks |
Time (minutes) |
|
HBL |
15.6 |
|
JS Bank |
18.4 |
|
Faisal Bank |
20.1 |
|
UBL |
17.7 |
|
Mezan Bank |
12.3 |
|
Allied Bank |
23.8 |
|
Askari Bank |
22.5 |
|
Habib Metro Bank |
14.9 |
|
HBL |
15.6 |
|
JS Bank |
18.4 |
|
a) What is the mean commute time for these 8 Banks? |
|
|
b) What is the |
|
|
c) What is the |
|
|
d) What is the variance and standard deviation of commute times for these 8 Banks? |
|
Step by step
Solved in 2 steps
