Mathematics, 02.12.2020 02:40 ellamai16
Doug is analyzing the daily profits from the past month for three of his restaurant franchises. He has calculated the mean and standard deviation of the data, in dollars, as shown below.
Location A Location B Location C
Mean = 6,127.85
SD = 413.51 Mean = 6,296.07
SD = 440.67 Mean = 6,191.28
SD = 330.83
For which store does 68% of the data lie between $5,714.34 and $6,541.36 (1 SD from the mean)?
2.
For which location does 95% of the data lie between $5,529.62 and $6,852.94 (2 SD from the mean)?
3.
Which location had the highest average daily profit during the past month?
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