Sales Frequency and Data Analysis Quiz
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Questions and Answers

Which term refers to the number of times sales occur for a fixed period of time?

  • Mean
  • Median
  • Sales Frequency (correct)
  • Mode
  • What is the formula for calculating the mean?

  • The value that occurs most in a group of numbers
  • The midpoint of a group of values
  • The sum of values multiplied by the number of units
  • Sum of values divided by the number of units (correct)
  • How is the median calculated?

  • Finding the average of the values
  • Finding the value that occurs most in a group of numbers
  • Finding the sum of values divided by the number of units
  • Ordering the values and finding the midpoint (correct)
  • What does the mode represent in a group of numbers?

    <p>The value that occurs most</p> Signup and view all the answers

    According to the text, where can you find more information about sound merchandising in funeral homes?

    <p>In the supplemental material folder</p> Signup and view all the answers

    Which of the following statements accurately describes a quartile?

    <p>A quartile represents one fourth of the total number of items.</p> Signup and view all the answers

    What is the purpose of the balance line formula mentioned in the text?

    <p>To ensure that a funeral home has the correct number of caskets in each pricing quartile.</p> Signup and view all the answers

    According to the example on the slide, how many caskets should come from the 2nd quartile under the balance line formula?

    <p>6</p> Signup and view all the answers

    In the example, what percentage of caskets are in the 3rd quartile?

    <p>40%</p> Signup and view all the answers

    What is the first step in calculating the number of caskets in each pricing quartile using the balance line formula?

    <p>Breaking the caskets into quartiles.</p> Signup and view all the answers

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