Question
A popular U.S. automobile manufacturer has10,000 dealerships located throughout the country. The automobile manufacturer has multiple brands within itsportfolio: a value brand that caters to
A popular U.S. automobile manufacturer has10,000 dealerships located throughout the country. The automobile manufacturer has multiple brands within itsportfolio: a value brand that caters to youngerclientele, a moderate brand that caters to middle class customers andfinally, a premium brand which is marketed to wealthy clientele. Thecompany's leadership, located at corporateheadquarters, is very interested in the relationship between the median salary of potential customers and thecompany's revenue.Specifically, the company is concerned that if potentialcustomers' salaries continue to not increase in thefuture, thecompany's revenue will remainstagnant, which will in turn steer away potential investors and shareholders. Thecompany's research department recently collected data for analysis in order to supportleadership's upcoming discussion with shareholders and investors about thecompany's future revenue forecast. Sales figures from a random sample of 1000 dealerships were collected. The research division also conducted statisticalanalysis, using data provided by the Bureau of Labor andStatistics, to calculate the median salary of people living in the vicinity of these1,000 dealerships. The DealershipNumber, State, MedianSalary, AnnualSales, Number of VehiclesSold, Square Footage and Quality Award Winner data were collected for these 1000 dealerships.
Corporate headquarters is interested in analyzing the square footage of this sample of 1000 of its dealerships. Create a histogram of the Square Feet data. From your visualanalysis, describe the shape of the distribution. Choose the correct answer below.
What is the mean Square Footage of these 1000 dealerships?
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