[41(8) The Banks Brothers Men\'s Clothiers, a regional chain of stores, is consi

Question

[41(8) The Banks Brothers Men's Clothiers, a regional chain of stores, is considering in of designer clothes into some or all of the following districts. The marketing research product has been profitable whenever it is introduced into a district containing 500 whose gross annual purchase of men's clothing amounts to at least $350. Data on the introducing a new line staff reports that the ,000 or more households the three districts are shown below. Annual Purchases Standard District Ohio St. Lawrence 1,000.000 365 34 310 20 Number of Households Mean Median Mode Deviation 1,250,000 377 360 358 38 Yukon 1,350,000 353 352 350 40 (a) In your opinion, is Yukon a good candidate for a new store? Substantiate your apswer. (b) In your opinion, is St. Lawrence a good candidate for a new store? Substantiate your answer 7 0r 0

Explanation / Answer

ANSWER (a): Standard deviation for Yukon is 40 which is gretaer than ohio(38) and st lawrence(20)

So Yukon is not a good candidate for new store.

(b) :

Standard deviation for St lawrence is 20 which is less than ohio(38) and Yukon(40)

So St lawrence is a good candidate for new store.

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