What measures need to be computed for each store based on the given data?
The measures that need to be computed for each store based on the given data are:
- Mean
- Minimum
- Q1
- Median
- Q3
- Maximum
- Range
- Standard Deviation
- Variance
- IQR
Calculating Measures for R&N and Save Mart Stores
To calculate the measures for each store, we will use the provided data for R&N and Save Mart. We will compute the measures for each item individually and then summarize the results. Here is the breakdown for each item:
1. Ketchup
- R&N Price: $4.59
- Save Mart Price: $4.70
2. Bread
- R&N Price: $2.99
- Save Mart Price: $2.99
3. Mustard
- R&N Price: $3.29
- Save Mart Price: $3.49
4. Milk
- R&N Price: $5.49
- Save Mart Price: $5.49
5. Ham
- R&N Price: $6.99
- Save Mart Price: $7.49
6. Turkey
- R&N Price: $3.79
- Save Mart Price: $4.29
7. Soup
- R&N Price: $2.79
- Save Mart Price: $2.89
8. Diet Coke
- R&N Price: $8.99
- Save Mart Price: $8.99
9. Chips
- R&N Price: $1.49
- Save Mart Price: $1.49
10. Orange Juice (OJ)
- R&N Price: $3.99
- Save Mart Price: $3.99
11. Apple Juice
- R&N Price: $4.99
- Save Mart Price: $4.29
12. Cookie Crisp
- R&N Price: $3.99
- Save Mart Price: $5.49
13. Apple Jacks
- R&N Price: $3.99
- Save Mart Price: $4.49
14. Captain Crunch
- R&N Price: $5.49
- Save Mart Price: $5.49
15. Cookies
- R&N Price: $2.49
- Save Mart Price: $2.49
For each item, we will calculate the mean, minimum, Q1, median, Q3, maximum, range, standard deviation, variance, and IQR for both R&N and Save Mart. After computing these measures, we will construct a boxplot for the two stores on the same graph to visually compare the prices.