Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. The annual sales boxplot does not look symmetric. This is because the boxplot shows that there is a large amount of variability in the
1. The annual sales boxplot does not look symmetric. This is because the boxplot shows that there is a large amount of variability in the data, with a few outliers. The median is lower than the mean, indicating a slightly negative skew.Step-by-step explanation2. Yes, it would be preferable to use the IQR instead of the standard deviation to describe the dispersion of the annual sales variable. This is because the IQR is better able to capture the variability of the data, and isnot affected by outliers. The IQR is also more indicative of the data as a whole, whereas the standard deviation is more concerned with individual values.3. The histogram shows that the sales per square foot distribution is not symmetric. There is a slight positive skew, which is indicated by the fact that the peak of the histogram is to the right of the median.4. If there are any outliers, they are restaurants that have a higher than average sales per square foot. The "SqFt" area of the outlier(s) would be higher than the average restaurant in the data.5. From this observation, it can be concluded that the outliers are larger than the average restaurant in the data, and therefore have higher sales per square foot.6
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started