Read Ch. 3&4 of Elementaly Read Who\'s Counting?. Probablity and Risk in the New

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Read Ch. 3&4 of Elementaly Read Who's Counting?. Probablity and Risk in the News Watch the following videos Basic probability An introduction Example: Marbles to probability, from the Khan Academy from a Bag The probability of picking a yellow marble from a bag, from Khan Academy Explore the Measures of Central Tendency Discussion Question 1 What descriptive statistic results of these statistics used to determine? website from Khan Academy examples are used in the industry you work in or want to work in? What are the Discussion Question How can probabilities can be used by business managers? Finer Diner Statistical Calculations Resource. The Finer Diner Sales Report& Survey Data Use The Finer Diner Sales Report resource to do the following Calculate the following for the number of tables served, food sales, and drink o Mean o Median o Mode o Max o Min o Range o Standard deviation o Variance .Calculate the following o Mean, median, max and min for nights when Alan & the Jacksons are playing Mean, median, max and min for nights when Mountain Gospel Trio is playing Use the data on the Survey Results Data page from The Finer Diner Sales Report, to complete the following: . Calculate the probable number of patrons who indicated 'yes' to both questions on the survey form. Compose a 350- to 700-word summary of your findings as if reporting it to the owners of the business, in whi you Define the descriptive data presented to be understood by the owners of the organization. averett.edu/plugi file.php/667366/n od resource. 5/BSA%20308 B733%20 htt ni e%20Fal %20201709-09-2017 do

Explanation / Answer

Number of tables Food sales Drink Sales 1 88 2426.11 675.63 2 86 1916.31 783.57 3 82 1256.05 328.11 4 96 1451.15 494.39 5 80 2529.76 710.58 6 101 2770.8 793.08 7 75 1456.33 299.77 8 88 1670.73 862.84 9 84 1427.98 529.04 10 125 3013.91 1387.33 11 95 1673.54 568.14 12 88 2226.38 159.82 13 62 1825.61 315.96 Mean 88.46153846 1972.666154 608.3276923 Median 88 1825.61 568.14 Mode 88 #N/A #N/A Max 125 3013.91 1387.33 Min 62 1256.05 159.82 Range 63 1757.86 1227.51 Standard deviation 14.75700616 566.8472193 320.5075058 Variance 217.7692308 321315.77 102725.0613

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