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Based on the summary statistics computed in Lab 4.1 Excel, Evaluating Inventory...

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Based on the summary statistics computed in Lab 4.1 Excel, Evaluating Inventory, Waste and Profit Margins, what is the average loss due to waste?

Statistics under inventory turnover are shown in columns A and B and that under waste as a percentage of costs are shown in columns C and D. The statistics under inventory turnover are shown in rows 3 to 15 under columns A and B, as follows: Mean: 5.661095515. Standard error: 0.45535057. Median: 4.467292249. Mode: not available. Standard deviation: 4.098335134. Sample variance: 16.79635087. Kurtosis: 3.488759241. Skewness: 1.775795275. Range: 20.79597681. Minimum: 1.280482453. Maximum: 22.07645926. Sum: 458.5487367. Count: 81. The statistics under waste as a percentage of costs are shown in rows 3 to 15 under columns C and D, as follows: Mean: 0.136110836. Standard error: 0.012282511. Median: 0.116705165. Mode: not available. Standard deviation: 0.110542603. Sample variance: 0.012219667. Kurtosis: 2.926831136. Skewness: 1.511460733. Range: 0.570726257. Minimum: 0.002081795. Maximum: 0.572808051. Sum: 11.02497774. Count: 81.

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