The Mean Corporation has two major franchise operations each with many outlets across the country: a...

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The Mean Corporation has two major franchise operations each with many outlets across the country: a coffee house franchise and a fast food franchise. For both franchises, a statistician has collected and analyzed data for the annual profits of the outlets. Figures for the means and standard deviations are presented in the table below. Franchise Mean ($) Coffee 236,500 Fast food 509,000 Standard deviation ($) 47,000 98,500 John Q owns both a coffee and fast food franchise. His annual profit for the coffee house is $368,100 and his annual profit for the fast food franchise is $686,300. a) Calculate the standardized values for both franchises. Give your answer rounded to 1 decimal place.. Coffee standardized value = Fast food standardized value = b) Relative to the rest of the outlets in each group, John's coffee franchise is performing Mean Corporation than his fast food franchise. The Mean Corporation has two major franchise operations each with many outlets across the country: a coffee house franchise and a fast food franchise. For both franchises, a statistician has collected and analyzed data for the annual profits of the outlets. Figures for the means and standard deviations are presented in the table below. Franchise Mean ($) Coffee 236,500 Fast food 509,000 Standard deviation ($) 47,000 98,500 John Q owns both a coffee and fast food franchise. His annual profit for the coffee house is $368,100 and his annual profit for the fast food franchise is $686,300. a) Calculate the standardized values for both franchises. Give your answer rounded to 1 decimal place.. Coffee standardized value = Fast food standardized value = b) Relative to the rest of the outlets in each group, John's coffee franchise is performing Mean Corporation than his fast food franchise.

Answer rating: 100% (QA)

a b Answer Coffee Standardized value Geven 368 100 mean 4 23 6500 Standard deviati... View the full answer