The Mean Corporation has two major franchise operations each with many outlets across the countryCalculate the standardized values for both franchises. Give your answer rounded to 1 decimal place. : a coffee house franchise and a fast food franchise. For both franchises, a statistician has collected and analyzed data for the annual profits of the outlets. Figures for the means and standard deviations are presented in the table below.
Franchise Mean
($) Standard
deviation
($)
Coffee 272,500 40,500
Fast food 551,000 95,500
John Q owns both a coffee and fast food franchise. His annual profit for the coffee house is $377,800 and his annual profit for the fast food franchise is $722,900.
a)