Question: The data contained in the Data file named Food Industry show the company/chain name, the average sales per store ($1000s), and the food segment industry

The data contained in the Data file named Food Industry show the company/chain name, the average sales per store ($1000s), and the food segment industry for 47 restaurant chains (Quick Service Restaurant Magazine website, August 2013).
a. What was the mean U.S. sales per store for the 47 restaurant chains?
b. What are the first and third quartiles? What is your interpretation of the quartiles?
c. Show a box plot for the level of sales and discuss if there are any outliers in terms of sales that would skew the results.
d. Develop a frequency showing the average sales per store for each segment.
Comment on the results obtained.

Step by Step Solution

★★★★★

3.47 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Mean 12752 b First quartile 879 and the third quartile 1700 25 ... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1131-M-S-H-T(5559).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The data contained in the DATA file named Food Industry show the company/chain name, the average sales per store ($1000s), and the food segment industry for 47 restaurant chains (Quick Service...

You are planning to invest in two stocks and a risk free asset. You are sure that economy is expected to behave according to the following table. Likelihood of each scenario is given next to the...

The data contained in the file named StateUnemp show the unemployment rate in March 2011 and the unemployment rate in March 2012 for every state and the District of Columbia (Bureau of Labor...

The data contained in the WEB file named Food Industry show the company/chain name, the average sales per store ($1000s), and the food segment industry for 47 restaurant chains (Quick Service...

Chrome File Edit View History Bookmarks Profiles Tab Window Help C B O Q Mon Jun 13 6:18 PM !: Document Content X Save on C X Save on C X Microsoft X o Mail - Aar X Homewor X WebAssig PDF C...

The following data show the company/chain name, the average sales per store ($1,000s), and the food segment industry for 47 restaurant chains. 2012 U.S. Average 2012 U.S. Average Sales per Store...

The following data show the company/chain name, the average sales per store ($1,000s), and the food segment industry for 47 restaurant chains. Company Segment 2012 U.S. Average Sales per Store...

The following data show the company/chain name, the average sales per store ($1,000s), and the food segment industry for 47 restaurant chains. 2012 U.S. Average Sales per Store ($1,000s) 2012 U.S....

The following data show the company / chain name, the average sales per store ( $ 1 , 0 0 0 s ) , and the food segment industry for 4 7 restaurant chains. Company Segment 2 0 1 2 U . S . Average...

What argument could the adjacent landowner advance to try to prevent granting of the easement?

While riding a multi speed bicycle, the rider can select the radius of the rear sprocket that is fixed to the rear axle. The front sprocket of a bicycle has radius 12.0 cm. If the angular speed of...

1. Customer arrival variability complicates a hospitality organizations ability to service customers efficiently because different segments of customers desire services at different times. For each...

An auditor is checking invoices that have been paid to see if they contain any errors. Historically around 7 per cent of all invoices are expected to contain some error. The auditor takes a random...

The ONeill Shoe Manufacturing Company will produce a special-style shoe if the order size is large enough to provide a reasonable profit. For each special-style order, the company incurs a fixed cost...

Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting....

Eastman Publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is...

A share of DivCorp common stock does not pay a regular dividend, but sometimes awards a special dividend of $10 per share at the end of each year. A risk-averse investor, Najar, has a subjective...

Safari File Edit View History Bookmarks Window Help 1 0 Q Fri Oct 22 6:17 PM ... 0 ' webassignnet (5' [1'] + 33 :3 Topic: 10.7 Discussion--Rising Savings... u Course Hero u Course Hero u Course Hero...

Q1 and Q2 combined: Q1. Today is Aprit 24th 2022 You have just been appointed Chief Economist at Currency Forecasting inc, an economic research consulting company in Washington DC. Congratulationst...