Answer to Question #89171 in Statistics and Probability for farzana

Question

Now Nick and Jones want to do some figures and present to the support their bid for loan.
Month Breakfast Lunch Dinners Income (RM)
January 25 22 12 800
February 23 12 14 750
March 24 12 42 880
April 27 14 48 850
May 42 33 48 1200
June 48 23 35 1120
July 48 24 31 1800
August 35 41 48 1920
September 31 33 49 1800
October 30 13 45 1400
November 21 33 23 900
December 35 34 33 2010
a.Assess the data provided and suggest what you think she could do with the information provided.
b.Suggest any other information she should require for making an informed decision.

Answer 1

a. She could compare the number of breakfasts, lunches and dinners and the income earned in different month during the year with the information provided.

b. She should require such additional information as the prices for breakfasts, lunches and dinners for making an informed decision about a bid for loan.