Question
The data set below contains the amount that a sample of nine customers spent on lunch ($) at a fast-food restaurant. Complete parts (a) through
The data set below contains the amount that a sample of nine customers spent on lunch ($) at a fast-food restaurant. Complete parts (a) through (d) below.
4.29
5.86
6.48
7.48
7.54
8.55
8.44
9.88
a. Compute the mean and median
b. Compute the variance, standard deviation, range, and coefficient of variation
c. Are the data skewed? If so, how?
d. Based on the results of (a) through (c), what conclusions can be reached concerning the amount that customers spent forlunch?
The average cost is ?$
The average cost is$
The average scatter of cost around the mean is$
The difference between the highest cost and lowest cost is$
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a Compute the mean and median Mean 429 586 648 748 754 855 844 988 9 Mean 754 Median 754 b Compu...Get Instant Access to Expert-Tailored Solutions
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Statistics For Managers Using Microsoft Excel
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
7th Edition
978-0133061819, 133061817, 978-0133130805
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