Calculate the mean, median, and mode for the ages of customers in the survey of drugstore customers. Which is the best measure of central tendency in this data set? Why?
Answer to relevant QuestionsCalculate the mean and the median for the incomes of customers in the survey of drugstore customers. Comment on the difference between the two measures of central tendency. Which one is best, and why? Some management trainees across several branches of an electronics store were rated by their customers, and by their bosses. Comment on the correlation between the two sets of ratings. The data are shown in Exhibit 3.52 ...Suppose you are planning to buy a personal service business, and you are trying to decide between a haircutting salon and a day spa offering manicures, pedicures, and massages. Some summary data for the two businesses are ...Annual sales for two printing shop franchises are shown opposite in Exhibit 3.47. Calculate an appropriate measure of variability. Which enterprise had more variable sales over the period? Refer back to the information contained in Exercise 2 above. The company has 520 employees, of whom 372 are professionals. What is the probability that a randomly selected employee is in the professional classification? What ...
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