In a particular population, it was of interest whether donut shops are, on average, more profitable than ice cream shops. A random sample of firms was taken with their average annual sales (£k) given in the table below. Year 1 2 3 4 5 6 7 Donut shop 240 290 210 174 210 150 230 Ice cream shop 210 230 187 240 230 220 174 1.1. Calculate the average mean difference between two shop sales. 1.2. Calculate the Standard deviation of difference between two shop sale giving detailed explanation
In a particular population, it was of interest whether donut shops are, on average, more profitable than ice cream shops. A random sample of firms was taken with their average annual sales (£k) given in the table below. Year 1 2 3 4 5 6 7 Donut shop 240 290 210 174 210 150 230 Ice cream shop 210 230 187 240 230 220 174 1.1. Calculate the average mean difference between two shop sales. 1.2. Calculate the Standard deviation of difference between two shop sale giving detailed explanation
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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- In a particular population, it was of interest whether donut shops are, on average, more profitable than ice cream shops. A random sample of firms was taken with their average annual sales (£k) given in the table below.
Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Donut shop |
240 |
290 |
210 |
174 |
210 |
150 |
230 |
Ice cream shop |
210 |
230 |
187 |
240 |
230 |
220 |
174 |
1.1. Calculate the average mean difference between two shop sales.
1.2. Calculate the Standard deviation of difference between two shop sale giving detailed explanation
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