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Suppose a small retail business owner is interested in assessing the normality of the daily sales revenue. He randomly selects a sample of sales revenue data for 19 days of business operation. The sample sales revenue data in dollars is: 200 280 210 280 220 280 1) Compute the mean. 240 290 240 290 250 300 260 310 260 330 270 350 270

Suppose a small retail business owner is interested in assessing the normality of the daily sales revenue. He randomly selects a sample of sales revenue data for 19 days of business operation. The sample sales revenue data in dollars is: 200 280 210 280 220 280 1) Compute the mean. 240 290 240 290 250 300 260 310 260 330 270 350 270

MATLAB: An Introduction with Applications
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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8. Please solve for all parts
8. Suppose a small retail business owner is interested in assessing the normality of the daily sales revenue. He randomly selects a sample of sales revenue data for 19 days of business operation. The sample sales revenue data in dollars is: 200 280 210 280 220 280 1) Compute the mean. 2) Compute the median. 3) Compute the mode. 240 290 4) Compute the standard deviation. 5) Compute the interquartile range. 240 290 250 300 260 310 260 330 270 350 270
Transcribed Image Text:8. Suppose a small retail business owner is interested in assessing the normality of the daily sales revenue. He randomly selects a sample of sales revenue data for 19 days of business operation. The sample sales revenue data in dollars is: 200 280 210 280 220 280 1) Compute the mean. 2) Compute the median. 3) Compute the mode. 240 290 4) Compute the standard deviation. 5) Compute the interquartile range. 240 290 250 300 260 310 260 330 270 350 270
6) Construct the histogram. Use 200-229 as your first bin. 7) Determine if the distribution of daily sales revenue is approximately normal. Consider all criteria.
Transcribed Image Text:6) Construct the histogram. Use 200-229 as your first bin. 7) Determine if the distribution of daily sales revenue is approximately normal. Consider all criteria.
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