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Required information Skip to question [The following information applies to the questions displayed below.] Lab Insight: Apply the same steps used in Lab 4.1 Excel
Required information Skip to question [The following information applies to the questions displayed below.] Lab Insight: Apply the same steps used in Lab 4.1 Excel (and continue using Lab 4.1 Data.xlsx), but now compute the profit margin (Sales price per pound minus Cost per pound) and profit margin percentage (margin divided by sales price per pound). Then use Excel's Data Analysis ToolPak to compute the descriptive statistics (mean, median, maximum, minimum) for the profit margin percentage. Required: Compute the profit margin and profit margin percentage ratios. Summarize the profit margin ratios using descriptive statistics. Create a visualization showing the margin percentage. Include chart title and axis titles. Data: Lab 4.1 Data.xlsx Analyze the Data: Alternate Labs don't have step-by-step instruction or video support. Apply your experience from the original lab. If needed, reference the text or eBook for instructions and steps from the original lab. Answer the following questions based on the details computed. Note: Round the number of observations to whole number and all other answers to 3 decimal places
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