Question
I need this now please. Numbers 1 & 2 has been done. I only need # 3 now please. Numbers 1 & 2 has been
I need this now please. Numbers 1 & 2 has been done. I only need # 3 now please. Numbers 1 & 2 has been done. I only need # 3 now
and $82 for stainless steeljewelry, respectively, and $60, $93, and $136for gold. The parlor sold five CategoryI, two CategoryII, and three Category III instainless, and one each of categoriesI, II, and III in gold in a month. It costs the parlor$1,000 per month to offer piercings. Complete parts 1. through 4. below.
*1.Find the mean for theparlor's first month of sales. Select the correct choice belowand, ifnecessary, fill in the answer box to fill in your choice.
A. Mean=$
B .__62.15___There is no mean.
(Put an integer or decimal rounded to the nearest cent as needed. Use a comma to separate answers asneeded.)
*Find the median for theparlor's first month of sales. Select the correct choice belowand, ifnecessary, fill in the answer box to choice.fill in
A Median=$
B. _____54____There is no median.
Put an integer or decimal rounded to the nearest cent as needed. Use a comma to separate answers asneeded.)
*Find the mode for theparlor's first month of sales. Select the correct choice belowand, ifnecessary, fill in the answer box to fill in your choice.
A)Mode$
B._____33______There is no mode.
(Put an integer or decimal rounded to the nearest cent as needed. Use a comma to separate answers asneeded.)
2.Given the total sales value for theparlor's firstmonth, how long will it take for the business to breakeven, assuming a 10 percent increase in sales value eachmonth?
Number of months=__3___(Put a wholenumber.)
*. Is the increase more likely to come from increased number of sales or a higher average salesvalue?increased number of sales or a higher average salesvalue?
A_____ With a current number of four Category III sales permonth, any improvement is more likely to come from increased number of sales.increased number of sales.
B.____ With a current number of four Category III sales permonth, any improvement is more likely to come from increased average sales value.
C.___X_ With a current mean of only 3 sales perweek, any improvement is more likely to come from increased number of sales.increased number of sales.
D.____ With a current mean of only 3 sales perweek, any improvement is more likely to come from increased average sales value.
3. Theparlor's second month results show that it made six sales at $33, one at $54, one at $60, three at second month results show that it made six sales at $33, one at $54, one at $60, three at
$82, three at $93, and two at $136. Calculate the standard deviation for this data set.data set.
StandardDeviation
=
Put in aninteger or a decimal rounded to two decimal places asneeded.)
Does your answer for the standard deviation indicate that this is a normaldistribution? Ifnot, what are theimplications?
A-_____Yes more than68% of the values are within one standard deviation from the mean. This means that future sales will not vary greatly.
B._______Yes More
than68% of the values are within one standard deviation from the mean. This means that future sales will not vary greatly.
C. _____No. Less than68% of the values are within one standard deviation from the mean. This means that future sales may vary greatly.
D.______ No. Lessthan68% of the values are within one standard deviation from the mean. This means that future sales may vary greatly.
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