Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Insert a new column in the database that corresponds to Annual Sales. Annual Sales is the result of multiplying a restaurants SqFt. by Sales/SqFt. Calculate

Insert a new column in the database that corresponds to Annual Sales. Annual Sales is the result of multiplying a restaurants 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 of the standard deviation to describe this variables 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/SqFt? 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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions

Question

What are the steps the NLRB follows in a representation election?

Answered: 1 week ago

Question

Define procedural justice. How does that relate to unions?

Answered: 1 week ago