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Calculate and interpret the interquartile range for data

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Reference no: EM132622500

Question - The owners of a new store want to understand the sales patterns of their customers. They have asked for your help. You selected a sample of several sales ($000) from yesterday's records listed in the following table:

Sales

3

12

3

5

8

Show workings where possible to support your answers.

a) What is the value of the mode for this data?

b) Calculate the mean for this data?

c) What is the median for this data?

d) Calculate and interpret the interquartile range for this data.

e) Given the variance for this data is 14.7 ($0002) calculate the coefficient of variation.

Reference no: EM132622500

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