A food retailer that specializes in selling organic food has decided to open a new store. To
Question:
A food retailer that specializes in selling organic food has decided to open a new store. To help determine the best location for the new store, researchers decide to examine data from existing stores, including weekly sales ($), town population (thousands), median age of town, median income of town ($), and whether the store sells wine and beer.
Identify the Five W’s, name the variables, specify for each variable whether its use indicates it should be treated as categorical or quantitative, and for any quantitative variable identify the units in which it was measured (or note that they weren’t provided or that the variable doesn’t have units).
Step by Step Answer:
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright