1. The advertising expenditure per month, in dollars, at a tourism company are given below. 

1600

1800

2500

1500

3200

4500

6000

3200

1200

5000

 

1. Calculate the mean, median, first quartile and third quartile.                                                                              
2. Calculate the variance and standard deviation, interquartile range and coefficient of variation.                                                                                                                                                                                                                                                                                                               

What conclusion can you reach about advertising expenditure at this store.   

Answer rating: 100% (QA)

Mean Average The mean is the sum of all the values divided by the number of values n 10 Mean 1200 1500 1600 1800 2500 3200 3200 4500 5000 6000 10 3050 dollars Median Middle Value Since there are 10 da... View the full answer