The data set below contains spending on products (5) during a three-month period

Question

The data set below contains spending on products (5) during a three-month period by a sample of 15 customers receiving incentives through a mobile loyalty program. Complete parts (a) through (d) below 5567 22.68 67.21 4624 5799 108.87 50.76 35 25 78.42 50.36 63.01 59.06 41.46 5627 53.71 a. Compute the mean and median. The mean (Round to two decimal places as needed. Do not include the S symbol in your answer) The median is Round to two decimal places as needed. Do not include the $ symbol in your answer) b. Compute the variance, standard deviation, ra The variance is Round to two decimal places as needed. Do not include the S symbol in your answer.) nge, and coefficlent of variation

Explanation / Answer

(a) Mean = 56.46
Median = 55.67

(b) Variance = 385.35
S.D. = 19.63
Range = 108.87 - 22.68 = 86.19
Coefficient of Variation = (19.63/56.46) * 100% = 34.77%

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