Question: Objective: To use statistical methods for business-related problem solving. Instructions: 1. Choose a fast-food (ensure that you identify the business) business and collect real-world data
Objective: To use statistical methods for business-related problem solving. Instructions: 1. Choose a fast-food (ensure that you identify the business) business and collect real-world data (minimum 15-20 observations). Possible topics include: - Daily sales/revenue - Number of customers per day - Delivery time in minutes - Employee working hours 2. Organize the data in a frequency distribution. 3. Use measures of central tendency and variability to analyze the data. 4. Create at least two graphical presentations (e.g., line graph of sales trend, bar chart of customer numbers). 5. Provide business recommendations based on findings (e.g., best time to schedule staff, most profitable days, improvement areas)
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