I am new to this field and subject. Please provide detailed answers that can help me learn
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I am new to this field and subject. Please provide detailed answers that can help me learn the subject better. Show the expression you are using, and the substitutions you are making to calculate an answer.
Q1. -The following table presents some international food and non-food retail outlets' retail revenue:
Rank | Outlet | Retail Revenue ($m) |
1 | Coles Meyer | 26737 |
2 | Woolworths | 24985 |
3 | Foodland | 4905 |
4 | West-farmers | 3100 |
5 | David Jones | 1725 |
6 | Retravision | 1290 |
7 | Harvey Norman | 1160 |
8 | Millers Retail | 972 |
9 | Mitre 10 | 890 |
10 | 7-Eleven | 747 |
- Compute the mean, median, range, variance, and standard deviation for these sample data.
- Discuss which of these three measures of variability (range, variance, and standard deviation) you would prefer to use as a measure of variation.
- Comment on the skewness of this sample data.
- Compute the mean and median after eliminating Coles Meyer and Woolworths from the data. How are the mean and median affected by these changes?
Q2. A sample of 300 adults is selected. The contingency table below shows their registration status and their preferred source of information on current events.
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