Question: Create a box-plot for the AnnualSales variable and answer the following questions: Does it look symmetric? Would you prefer the IQR instead of the standard
Create a box-plot for the AnnualSales variable and answer the following questions: Does it look symmetric? Would you prefer the IQR instead of the standard deviation to describe this variable's dispersion? Why or why not? Create a histogram for the Sales/SqFt variable and answer the following questions: Is the distribution symmetric? If not, what is the skew? Are there any outliers? If so, which one(s)? What is the SqFt area of the outlier(s)? Is the outlier(s) smaller or larger than the average restaurant in the database? What can you conclude from this observation? What measure of central tendency is more appropriate to describe Sales/SqFt? Why? Cite references to support your assignment. Part 2: Report Write a 750- to 1,000-word statistical report with the following sections: Section 1: Scope and Descriptive Statistics Section 2: Analysis Section 3: Recommendations and Implementation Section 1: Scope and Descriptive Statistics State the report's objective. Discuss the nature of the current database. What variables were analyzed? Summarize your descriptive statistics findings from Part 1. Use a table and insert appropriate graphs. Section 2: Analysis Using Microsoft Excel, create scatter plots and display the regression equations for the following pairs of variables: o BachDeg% versus Sales/SqFt o MedIncome versus Sales/SqFt o MedAge versus Sales/SqFt o LoyaltyCard(%) versus SalesGrowth(%) In your report, include the scatter plots. For each scatter plot, designate the type of relationship observed (increasing/positive, decreasing/negative, or no relationship) and determine what can be concluded from these relationships.
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