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The Mean Corporation has two major franchise operations each with many outlets across the country: a coffee house franchise and a fast food franchise.

The Mean Corporation has two major franchise operations each with many outlets across the country: a coffee house franchise and a fast food franchise. For both franchises, a statistician has collected and analyzed data for the annual profits of the outlets. Figures for the means and standard deviations are presented in the table below. Franchise Mean ($) Coffee 236,500 Fast food 509,000 Standard deviation ($) 47,000 98,500 John Q owns both a coffee and fast food franchise. His annual profit for the coffee house is $368,100 and his annual profit for the fast food franchise is $686,300. a) Calculate the standardized values for both franchises. Give your answer rounded to 1 decimal place.. Coffee standardized value = Fast food standardized value = b) Relative to the rest of the outlets in each group, John's coffee franchise is performing Mean Corporation than his fast food franchise.

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a b Answer Coffee Standardized value Geven 368 100 mean 4 23 6500 Standard deviati... blur-text-image

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