Activity 2: CLO 6, CLO 7
Health issues are a concern of managers, especially as they evaluate the cost of medical insurance. A recent survey of 150 executives at a large insurance company reported the number of pounds (Lbs.) by which the executives were overweight is shown in the following Table 1:
Survey Result of Executives’ Overweight
Calculate the mean of executives’ overweight.
Calculate the variance and standard deviation of executives’ overweight.
Draw the histogram of the data and interpret the shape of the distribution of data.
Develop the cumulative frequency distribution of the data and provide an estimate of the percentage of executives that are overweight by more than 18 pounds.