The accompanying data file shows the net profit (Net_Profit) counter sales (Counter_Sales), and drive-through sales (Drive_Sales) for
Question:
The accompanying data file shows the net profit (Net_Profit) counter sales (Counter_Sales), and drive-through sales (Drive_Sales) for a chain of 100 fast-food restaurants. All variables are measured in millions of dollars.
a. Calculate the sample standard deviation for counter sales and drive-through sales. According to this measure of dispersion, which variable exhibited higher variability?
b. Calculate the mean absolute deviation (MAD) for counter sales and drive-through sales. According to this measure of dispersion, which variable exhibited higher variability?
Net_Profit | Counter_Sales | Drive_Sales |
1.5 | 8.4 | 7.7 |
0.8 | 3.3 | 4.5 |
1.2 | 5.8 | 8.4 |
1.4 | 10.0 | 7.8 |
0.2 | 4.7 | 2.4 |
0.8 | 7.7 | 4.8 |
0.6 | 4.5 | 2.5 |
1.3 | 8.6 | 3.4 |
0.4 | 5.9 | 2.0 |
0.6 | 6.3 | 4.1 |
1.5 | 8.4 | 7.7 |
0.8 | 3.3 | 4.5 |
1.2 | 5.8 | 8.4 |
1.4 | 10.0 | 7.8 |
0.2 | 4.7 | 2.4 |
0.8 | 7.7 | 4.8 |
0.6 | 4.5 | 2.5 |
1.3 | 8.6 | 3.4 |
0.4 | 5.9 | 2.0 |
0.6 | 6.3 | 4.1 |
1.5 | 8.4 | 7.7 |
0.8 | 3.3 | 4.5 |
1.2 | 5.8 | 8.4 |
1.4 | 10.0 | 7.8 |
0.2 | 4.7 | 2.4 |
0.8 | 7.7 | 4.8 |
0.6 | 4.5 | 2.5 |
1.3 | 8.6 | 3.4 |
0.4 | 5.9 | 2.0 |
0.6 | 6.3 | 4.1 |
1.5 | 8.4 | 7.7 |
0.8 | 3.3 | 4.5 |
1.2 | 5.8 | 8.4 |
1.4 | 10.0 | 7.8 |
0.2 | 4.7 | 2.4 |
0.8 | 7.7 | 4.8 |
0.6 | 4.5 | 2.5 |
1.3 | 8.6 | 3.4 |
0.4 | 5.9 | 2.0 |
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Analytics
ISBN: 9781265897109
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
Question Posted: