Question
Q3 You decide to look at standard variation. For example, the average cost per car ranged from $500 to $2200. $1,800.00 $1600.00 $1,500.00 $500.00 $2200.00
Q3 You decide to look at standard variation.
For example, the average cost per car ranged from $500 to $2200.
| $1,800.00 |
| $1600.00 |
| $1,500.00 |
| $500.00 |
| $2200.00 |
3a Calculate the Standard Deviation for the freight cost per car Use the STDEV function in Excel.If you're unfamiliar with using formulas in Excel, click on the Help meu and search for standard deviation.
3b. Now take out one of the outliers ($ 2200) Calculate the mean and the standard deviation of the remaining four numbers.
3c. What does this tell you about the variation?
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Managing Hospitality Human Resources
Authors: Robert H Woods, Educational Institute Staff American Hotel & Lodging Association
4th Edition
0866122877, 9780866122870
