Given below is the revenue that Tesco recorded by location over the last five years: A B C D E F Tesco Revenue by Location between 2018 and 2022 Tesco Bank UK & ROI Revenue (Em) 23456 Year Number of stores 2018 7,033 2019 6,993 2020 4,613 2021 4,673 38,656 44,883 45,752 48,848 Central Europe Revenue (Em) 6,343 6,030 3,968 3,862 Revenue (Em) 1,047 1,097 1,068 735 Total Revenue (Em) 46,046 52,010 50,788 53,445
Given below is the revenue that Tesco recorded by location over the last five years: A B C D E F Tesco Revenue by Location between 2018 and 2022 Tesco Bank UK & ROI Revenue (Em) 23456 Year Number of stores 2018 7,033 2019 6,993 2020 4,613 2021 4,673 38,656 44,883 45,752 48,848 Central Europe Revenue (Em) 6,343 6,030 3,968 3,862 Revenue (Em) 1,047 1,097 1,068 735 Total Revenue (Em) 46,046 52,010 50,788 53,445
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Can you please start from point e), but please show your workings/calculations how did you get to the answer. Thank you!
Transcribed Image Text:Given below is the revenue that Tesco recorded by location over the last five years:
A
B
с
D
E
F
Tesco Revenue by Location between 2018 and 2022
Tesco Bank
UK & ROI
Revenue
(Em)
Question 6
1
234567
Year
Number
of stores
2018
7,033
2019 6,993
2020 4,613
2021 4,673
2022 4,752
38,656
44,883
45,752
48,848
49,984
Central Europe
Revenue (Em)
6,343
6,030
3,968
3,862
3,862
Revenue
(£m)
1,047
1,097
1,068
b) In which year did Tesco have the least number of stores?
Total
Revenue
(Em)
46,046
52,010
50,788
735 53,445
922 54,768
a) Which year had the lowest total generated revenue in the last recorded five
years?
c) What is the mode revenue for Tesco's Central Europe division?
d) What is the range between the revenues generated by Tesco's UK & ROI division
over the last recorded five years?
e) In which years did Tesco's Central Europe division generate five times more
revenue than its Bank division?
f) When comparing the total revenue generated by Tesco and the total number of
stores, which year had the greatest amount of revenue per store? Show your
working to justify your answer.
g) Give TWO likely reasons to justify the behaviour of the 'Total Stores' dataset over
the last recorded five years.
h) Which 3 years had the most evenly distributed generated revenue between the
three divisions? Show your working.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education