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Advertising Age annually compiles a list of the 100 companies that spend the most on advertising. Consumer-goods company Procter & Gamble has often topped the
Advertising Age annually compiles a list of the 100 companies that spend the most on advertising. Consumer-goods company Procter \& Gamble has often topped the list, spending billions of dollars annually. The data on annual advertising expenditures for a sample of 20 companies in the automotive sector and 20 companies in the department store sector are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions. a. What is the mean advertising spent for each sector? Round your answers to 2 decimal places, if necessary. b. What is the standard deviation for each sector? Round your answers to 2 decimal places. c. What is the range of advertising spent for each sector? Round your answers to 1 decimal place, if necessary. d. What is the interquartile range for each sector. Round your answers to 2 decimal places. e. Based on this sample and your answers to parts (a) to (d), comment on any differences in the advertising spending in the automotive companies versus the department store companies. Automotive spends on average, has a standard deviation, and range than Department Store. Automotive spends less more smaller larger standard deviation, and range than larger smaller template
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