Data were collected on the typical cost of dining at American-cuisine restaurants within a 1-mile walking distance of a hotel located in a large city. The fee contains the typical cost (a per transaction cost in $) as well as a Bundle score, a measure of overall popularity and customer loyalty, for each of 40 selected restaurants. (Data extracted from www .bundle.com via the link on-msn.com/MnlBxo.)
a. For each variable, compute the mean, median, first quartile, and third quartile.
b. For each variable, compute the range, interquartile range, variance, standard deviation, and coefficient of variation.
c. For each variable, construct a boxplot. Are the data skewed? If so, how?
d. Compute the coefficient of correlation between Bundle score and typical cost.
e. What conclusions can you reach concerning Bundle score and typical cost?