Question

If the quartile coefficient of skewness is -0.36, the first quartile is 8.6 and the median is 12.3. calculate the quartile deviation

Answer 1

Answer:

Since  the  average  sales  for  firms  A,  Band  C  is  the  same,  we  are  likely  to  conclude  that the distribution pattern of the sales is similar. It may be observed that in Firm A, daily  sales  are  the  same  irrespective  of  the  day,  whereas  there  is  less  amount  of  variation  in  the  daily  sales  for  firm  13  and  greater  amount  of  variation  in  the  daily  sales for firm C. Therefore, different sets of data may have the same measure central tendency but differ greatly in terms of variation.