Question: Using the three charts below: Does the annual sales boxplot look symmetric? Would you prefer the IQR instead of the standard deviation to describe the

Using the three charts below:

  • Does the annual sales boxplot look symmetric?
  • Would you prefer the IQR instead of the standard deviation to describe the dispersion of the annual sales variable? If so, why?
  • Does the histogram show that the sales per square foot distribution is symmetric?
  • If the sales per square foot distribution is not symmetric, what is the skew?
  • If there are any outliers, 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 data? What can you conclude from this observation?
  • What measure of central tendency may be more appropriate to describe "Sales/SqFt"? Why?
Using the three charts below: Does the annualUsing the three charts below: Does the annual
\f\f

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!