Doug is analyzing the daily profits from the past month for three of his restaurant franchises. He has calculated the mean and s
tandard 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?
Step-by-step explanation: The markup is 5%of the selling price, so multiply the selling price by 0.05 for 5%, you get 34.65. Add that to the selling price, and you get 727.65 as your total.
