Level 2 – Analyzing Demographic Data for La Rosa Restaurant You have recently de
ID: 3119112 • Letter: L
Question
Level 2 – Analyzing Demographic Data for La Rosa Restaurant You have recently decided to open a restaurant that you plan to name La Rosa. In your restaurant, you plan to feature specialty desserts, along with ?ne cuisine. One critical decision you must make is where to locate the restaurant. Right now, you are considering two different locations—one near a large retail area on the fringe of several af?uent suburbs (site X), and the other in the downtown district (site Y). Before making the decision, you hired a local market research ?rm to provide you with some demographics of the areas and the speci?c dining habits of the local population that frequent other restaurants in these areas. You have entered the raw results of this research on several worksheets in the LaRosa.xlsx workbook.Each worksheet (SiteX and SiteY) contains the detailed responses of each of the participants of the study, including questions about their age, their income, and the number of meals and desserts they eat outside of their homes per month.Table 2.15 shows the breakdown of the age categories and corresponding income level closest to the respondent’s own income. Table 2.15: Age categories and income levels Age CategoriesIncome Levels 18 to 21 $5,000 22 to 25 $10,000 26 to 30 $20,000 31 to 35 $30,000 over 35 $40,000 $50,000 $75,000 $100,000
Explanation / Answer
Solution:
DESSERT OUT PER MONTH Site X Site Y Mean 6.448 7.233 Standard deviation 6.663 6.165Related Questions
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