A factory manager is considering whether to replace a temperamental machine. A review of past record


Question: Students in large accounting class were asked to rate the course by assigning a score of 1,2,3,4 or 5 to the course. A higher score indicates that the students received greater value from the course. The accompanying table shows proportions of students rating the course in each category.

Rating 1 2 3 4 5

Proportion 0.07 0.19 0.28 0.30 0.16

Find the mean and standard deviation of the rating.

Price: $2.99
Solution: The downloadable solution consists of 1 page
Deliverables: Word Document

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