Interpretation Of Restaurant : Sales, Data, Spreadsheets, And Chart

1238 Words Jul 19th, 2015 5 Pages
Interpretation of Restaurant - Sales, Data, Spreadsheets, and Charts

Statistical data provides a plethora of information that offers numerous types of business operators, including restaurants, useful information in multiple venues such as the needs in staffing, the hours of operation, the popularity of particular menu items, the number of customers, as well as many over aspects. This information can benefit the managing aspects of the business, including purchasing and ordering, as well as the marketing needs and advertising requirements (Bennett, Briggs, and, Triola, 2012). Furthermore, extrapolation of data gathered serves to allow comparisons and predictability of various aspects of the restaurant business. Countless software packages possess features that allow them to generate descriptive statistics for a given set of data. These statistics include the mean, median, mode, standard deviation, variation, as well as skew, kurtosis, and a host of other numbers established through certain mathematical calculations. In addition, the review of data may be via charts, graphs, or tables, which show certain frequencies. Consequently, these statistics let the individual determine if the collected data is normal as well as providing useful information regarding the ability to compose decisions related to issues that involve uncertainties within the business as well.

Statistics is a science that helps us comprehend the collection, organization, and interpretation of numbers, as…

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