“My Bank” opens a branchin a commercial district. The bank wants to find out the waiting time of their customers during the Friday evening hours from 5pm to 8pm. Accordingly, the waiting time is recorded for all customers during these hours over a month. A random sampleof 20 customers is selected; the waiting time, in minutes, is shown below:
9.50 5.0 8.02 6.00 3.40
8.33 8.35 10.49 5.32 4.08
9.20 5.40 6.17 3.00 2.32
8.35 8.02 6.00 5.15 9.00
Using the datain ungrouped form, compute the Standard Deviation, using the computational formula.
Please see attached file, but I am including text here just in case. The formula will not appear here.
<br>This is the alternate formula usually used …