The Gauteng chamber of business conducted a survey amongst 17 furniture retailers to identify
14               X3.14 – bad debts
The Gauteng chamber of business conducted a survey amongst 17 furniture retailers to identify the percentage of bad debts in each company’s debtors’ book. The bad debts percentages are as follows:
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2.2
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4.7
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6.3
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5.8
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5.7
|
7.2
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2.6
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2.4
|
6.1
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6.8
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2.2
|
5.7
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3.4
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6.6
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1.8
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4.4
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5.4
|
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(a)Â Â Â Â Â Â Â Find the average and standard deviation of the percentage of bad debts amongst the 17 furniture retailers surveyed.
(b)Â Â Â Â Â Â Â Find the median percentage of bad debts amongst the 17 furniture retailers surveyed.
(c)Â Â Â Â Â Â Â Â Interpret the findings from (a) and (b).
(d)Â Â Â Â Â Â Â Is there a modal percentage of bad debts? If so, identify it and comment on its usefulness.
(e)Â Â Â Â Â Â Â Â Calculate the skewness coefficient for percentage of bad debts. Is the data skewed?
(f)Â Â Â Â Â Â Â Â Compute the first quartile and the third quartile of the percentage of bad debts amongst the furniture retailers surveyed. Interpret these quartile values.
(g)Â Â Â Â Â Â Â Â Â 
The chamber of business monitors bad debt levels and will advise an industry to take corrective action if the percentage of bad debts, on average, exceeds 5%. Should the chamber of business send out an advisory note to all furniture retailers based on these sample findings? Justify your answer.
Answers
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Posted 02 Jun 2017 08:06 AM
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file 1496393497-1432067_1_636319328013409051_Statistics.xlsx preview (6 words )
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file 1496393537-Answer.docx preview (112 words )
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