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The file FastFood contains the amount that a sample of nine customers spent for lunch ($) at a fast-food restaurant:

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The file FastFood contains the amount that a sample of nine customers spent for lunch ($) at a fast-food restaurant:
The file FastFood contains the amount that a sample of

a. Compute the mean and median.
b. Compute the variance, standard deviation, range, and coefficient of variation.
c. Are the data skewed? If so, how?
d. Based on the results of (a) through (c), what conclusions can you reach concerning the amount that customers spent for lunch?

Transcribed Image Text:

4.20 5.03 5.86 6.45 7.38 7.54 8.46 8.47 9.87

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a b Amount Mean 7 028888889 Standard Error 0 604162516 M…View the full answer


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Basic Business Statistics Concepts And Applications

Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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Question Posted: March 29, 2016 06:06:01
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