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1) on the basis of the information provided, calculate the IQV for Kim's convenience (two decimal places)2) Calculate the IQV for Costco (two decimal places)

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1) on the basis of the information provided, calculate the IQV for Kim's convenience (two decimal places)2) Calculate the IQV for Costco (two decimal places) 3) Which has more concentration? 4) for Kim's convenience only, what is the rate of sales of dairy products for every 1,000 item sold?

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Question 21 (9 points) The following are the distributions of sales by product category between Kim's Convenience and Costco over the period of a week chosen at random: Kim's Convenience Costco Product fi Pi fi Pi Fresh Dairy 250 .19 9,000 12 Fresh Meat/Seafood n/a 14,300 20 Fresh Produce 90 .07 11,500 16 Baking 70 .05 975 01 Packaged/Canned Food 220 .16 24,500 34 Pop/other drinks 300 .22 8,000 11 Hot food 40 .03 1,900 03 Confectionary 280 .21 990 01 Newspapers/magazines 95 07 n/a Electronics n/a 1,000 01 Automotive n/a 1,010 01 n K=1,345 1.00 nc=73,175 1.00 n/a: Not Applicable: Product not sold by store On the basis of the information provided calculate the Index of Qualitative Variation (IQV) for Kim's

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