Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Excel. Answer the questions below in your Excel sheet or in a separate Word document: Insert a new column in the database that corresponds to

image text in transcribed
image text in transcribed
Excel. Answer the questions below in your Excel sheet or in a separate Word document: Insert a new column in the database that corresponds to "Annual Sales." Annual Sales is the result of multiplying a restaurant's "SqFt." by "Sales/SqFt." Calculate the mean, standard deviation, skew, 5-number summary, and interquartile range (IQR) for each of the variables. Create a box-plot for the "Annual Sales" variable. Does it look symmetric? Would you prefer the IQR instead ofthe standard deviation to describe this variable's dispersion? Why? Create a histogram for the "Sales/SqFt" variable. Is the distribution symmetric? If not, what is the skew? Are there any outliers? If so, which one(s)? What is the "SqFt" area of the outlier(s)? Is the outlier(s) smaller or larger than the average restaurant in the database? What can you conclude from this observation? What measure of central tendency is more appropriate to describe "Sales/Sq Ft"? Why

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Analysis And Its Applications Roorkee, India, December 2014

Authors: P N Agrawal, R N Mohapatra, Uaday Singh, H M Srivastava

1st Edition

813222485X, 9788132224853

More Books

Students also viewed these Mathematics questions