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Use Boxplot to visualize the median and range of the turn and earn index and to identify unusual observations.
This example applies to the Supply Chain Module. For more information, go to www.minitab.com/supply-chain-module.
The turn and earn index (T/E Index) balances inventory turnover and profits. To calculate the turn and earn index, multiply inventory turnover and gross profit percentage. For example, if the inventory turns over 10 times in a year and has a 40% profit margin, the turn/earn index is 400.
In this worksheet, T/E Index is the variable.
| C1 |
|---|
| T/E Index |
| 223 |
| 256 |
| 388 |
| 319 |
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