Waiting times (in minutes) of customers at a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the coefficient of variation for each of the two sets of data, then compare the variation. Bank A (single line): 6.6 6.7 6.7 6.8 7.0 7.2 7.5 7.7 7.7 7.7 Bank B (individual 4.1 5.4 5.8 6.2 6.7 7.7 7.8 8.4 9.2 9.7 lines):
Waiting times (in minutes) of customers at a bank where all customers enter a single waiting line and a bank where customers wait in individual lines at three different teller windows are listed below. Find the coefficient of variation for each of the two sets of data, then compare the variation. Bank A (single line): 6.6 6.7 6.7 6.8 7.0 7.2 7.5 7.7 7.7 7.7 Bank B (individual 4.1 5.4 5.8 6.2 6.7 7.7 7.8 8.4 9.2 9.7 lines):
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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VIEWStep 2: Calculate mean and standard deviation for Bank A
VIEWStep 3: Calculate coefficient of variation for Bank A
VIEWStep 4: Calculate mean and standard deviation for Bank B
VIEWStep 5: Calculate coefficient of variation for Bank B
VIEWStep 6: Compare the variation for Bank A and Bank B
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