The Thomas Supply Company Inc. is a distributor of gas-powered generators. As wi
ID: 3043135 • Letter: T
Question
The Thomas Supply Company Inc. is a distributor of gas-powered generators. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of The Thomas Supply Company Inc. invoices.
10
10
12
16
26
27
30
32
32
34
37
37
38
40
43
45
47
49
50
53
53
54
56
58
60
63
64
67
71
76
Determine the first and third quartiles. (Round your answers to 2 decimal places.)
Determine the fourth decile and the eighth decile. (Round your answers to 1 decimal place.)
The Thomas Supply Company Inc. is a distributor of gas-powered generators. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of The Thomas Supply Company Inc. invoices.
Explanation / Answer
The statistical software output for this problem is:
Summary statistics:
Hence,
a) Q1 = 32
Q3 = 56
b) Fourth decile = 40th percentile = 37.5
Eighth decile = 80th percentile = 59
c) 72nd percentile = 54
Column Q1 Q3 40th Per. 80th Per. 72th Per. var2 32 56 37.5 59 54Related Questions
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