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a. With suitable examples, discuss the importance of scale of measurements in statistics. (2 marks) b. The advertising expenditure per month, in dollars, at a
a. With suitable examples, discuss the importance of scale of measurements in statistics. (2 marks)
b. The advertising expenditure per month, in dollars, at a tourism company are given below.
1600 | 1800 | 2500 | 1500 | 3200 | 4500 | 6000 | 3200 | 1200 | 5000 |
i. Calculate the mean, median, first quartile and third quartile. (2 marks)
ii. Calculate the variance and standard deviation, interquartile range and coefficient of variation. (2 marks)
iii. What conclusion can you reach about advertising expenditure at this store. (4 marks)
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