terrichichester-BU250-unit4-homework

# terrichichester-BU250-unit4-homework - Terri Chichester...

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Terri Chichester Part I Mean = 59.23 (35 * 5) = 175 + The mean is the sum of all numbers divided by how many num (55 * 3) = 165 + (75 * 3) = 225 + (85 * 1) = 85 + 35,35,35,35,35,55,55,55,75,75,75,85,120 (120 * 1) = 120 770 divide by 13 770/13 = 59.23 median = 55 When set of numbers are arranged in order 55 is the number in the center therefore Mode = 35 The mode is 35 as the 35 dollar piercing has the most frequent sales. Part II Explain Breakeven: Break even is the point where a new service or business starts paying for itself afte 1st month 770 X 1.1 equals 8.47 \$847.00 8.47 X 1.1 Explain Breakeven and why it's important to a business Break even is the point where a new venture starts paying for itself and stops costing the business to ha Part III fill in the table below and solve for sum of squares, variance, st Values Deviation 35 35-65 -30 55 55-65 -10 75 75-65 10 85 85-65 20 120 120-65 55 Explain variance and standard deviation in practical terms for some partical credit. Variance is the sum of the squares of deviation divided by the number of occurences minus one.

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## This note was uploaded on 05/16/2011 for the course BUS 250 taught by Professor Barrie during the Spring '10 term at Kaplan University.

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terrichichester-BU250-unit4-homework - Terri Chichester...

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