Answer to Question #80278 in Economics for SANJANA MONEBHURRUN

Question

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2.1. Group the data into a frequency distribution using 5 classes of equal width. (5)

2.2. Determine the mean, median and mode using the raw data. (5)

2.3. Draw an OGIVE curve representing the grouped data. Use it to determine the maximum time a customer waits before being served given that 80% of customers wait longer. (10)

Answer 1

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