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Business Essay

4300 words - 18 pages

Food, fun & Festivity, this is what KFC is all leading the market since its inception, KFC provides the ultimate chicken meals for a chicken loving nation. Be it colonel sanders secret original recipe chicken or the hot & spicy version, every bite brings a yum on our face. At KFC we can proudly say, “We do chicken right”.
Perfecting its secret recipe of 11 herbs and spices in 1939, KFC has come a long way. With over 10,000 outlets in the world, KFC has maintained its title, for the last 60 years, of being the chicken Experts. Opening the first KFC outlet in Gulshan-e- Iqbal in 1997. KFC wore the title of being the market leader in ...view middle of the document...

Mean is a statistical tool which is used to measure the average figure.The mean shows the average value. It is obtain by adding all the values and then dividing it by total number of values. The average number of customers per month is 12734.93.

X= n+12
= (30+1)2
= 15.5 value
= 19169.
Median is also a statistical tool which is used to get the average value. In this statistical tool we can obtain the average value by arranging the data first and then get the middle value from that arrange data. In this calculation the median value is 19169.

=1n-1 ∑x2 - (∑x)2n
= 130-1 4871347214- (12734.93)230
=129 h4865941266
= 167791078.1
This tool tells that how the data deviate. Here in this the standard deviation of number of customers of kfc is 12953.41. This tool shows the variation among the data. If there is less variation then the data is better and if there is more variation then the data is not reliable.

= 3(X- median)S.D
= -1.4901

Skewness shows that whether the data is normally distributed or not and if it is normally distributed then check whether it is positively skewed or negatively skewed. Here in above the skewness value is -1.4901 hich means that it is negatively skewed.
= 12953.4112734.93
This tool tells that how much risk is involved in it. The lesser the value the less risk is there and if the value is big then there is more risk. The coefficient of variance of number of customers is 1.017 which means that it is risk


Month | expenses |   x2 |
Jan | 12546 | 157402116 |
Feb | 12782 | 163379524 |
Mar | 12417 | 154181889 |
Apr | 11786 | 138909796 |
May | 12530 | 157000900 |
June | 12899 | 166384201 |
July | 12050 | 145202500 |
Aug | 12530 | 157000900 |
Sep | 12897 | 166332609 |
Oct | 12643 | 159845449 |
Nov | 11650 | 135722500 |
Dec | 12896 | 166306816 |
Jan | 13265 | 175960225 |
Feb | 12896 | 166306816 |
Mar | 12638 | 159719044 |
Apr | 13063 | 170641969 |
May | 13432 | 180418624 |
June | 13688 | 187361344 |
July | 13432 | 180418624 |
Aug | 12426 | 154405476 |
Sep | 12685 | 160909225 |
Oct | 12921 | 166952241 |
Nov | 13290 | 176624100 |
Dec | 13054 | 170406916 |
Jan | 12795 | 163712025 |
Feb | 12470 | 155500900 |
Mar | 12706 | 161442436 |
Apr | 12581 | 158281561 |
May | 12302 | 151339204 |
June | 12778 | 163277284 |
July | 12653 | 160098409 |

= 39470130
= 13156.7
This tool tells the average value and it is denoted by x. In the above data the means value of...

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