QUESTION 3 [25 MARKS The data below represents a sample of daily profits in Rands (R) for a hardware on one of its items

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Question 3 25 Marks The Data Below Represents A Sample Of Daily Profits In Rands R For A Hardware On One Of Its Items 1 (34.12 KiB) Viewed 43 times

QUESTION 3 [25 MARKS The data below represents a sample of daily profits in Rands (R) for a hardware on one of its items for 16 day They profits are: = 155 178 150 152 180 132 135 145 156 139 168 152 162 155 147160 160 149 Calculate the following measures of dispersions 1.1. Calculate the profit range, (1) 1.2. Calculate the standard deviation (10) 1.3. Calculate 68.3% of the data deviation from the mean, and interpret your findings. 1.4. Calculate the coefficient of variation, and comment on what your answer describes about the data set. 3.5. Calculate the Pearson Coefficient of Skewness using the approximation method and interpret your finding. (6)