Using the excel quiz file (QSR tab), the COUNTIFS formula choose the correct number of quick service restaurants that:

1) have positive (i.e. greater than zero) total y/y change in units and;

2) have 2023 average AUV greater than $1,000 thousand

Question

Using the excel quiz file (QSR tab), the COUNTIFS formula choose the correct number of quick service restaurants that:

1) have positive (i.e. greater than zero) total y/y change in units  and;

2) have 2023 average AUV greater than $1,000 thousand

BlackTom AI · Accepted Answer

Question restatement: You are asked to identify the count of quick service restaurants (from the COUNTIFS formula criteria) that satisfy two conditions: (1) have a positive year-over-year change in total units (greater than zero), and (2) have 2023 average AUV greater than $1,000 thousand. Answer options provided: 28, 24, 31, 13, 30, 27.

Option 28: This option claims 28 restaurants satisfy both criteria. To judge this, one would need to verify the number of rows meeting both conditions in the data. If 28 does not align with the actual intersection of (Units YoY > 0) and (2023 Avg AUV > 1000k), this option is incorrect. Potential reasons for mismatch could be that either too few or too many rows meet both thresholds, or ties are counted differently depending on data handling.

Option 24: This suggests that 24 restaurants satisfy both conditions. Similar to 28, correctness hinges on the exact intersection size in the dataset. If any restaurant has a nonpositive YoY change or a 2023 AUV at or below 1000k, it would not be counted. A mismatch indicates the intersection count is not 24.

Option 31: This option asserts 31 restaurants meet both criteria. If the actual COUNTIFS setup filters for (Units YoY > 0) and (2023 AUV > 1000k) and the dataset contains 31 rows that satisfy both, this would be the correct intersection size. It could reflect that there are enough entries with positive YoY changes and strong 2023 AUVs to reach 31.

Option 13: Claiming only 13 restaurants meet both conditions implies a relatively small overlap between positive YoY changes and high 2023 AUVs. This would occur if the majority of restaurants either had nonpositive YoY changes or 2023 AUVs at or below the threshold, or if the dataset has very few entries satisfying both simultaneously.

Option 30: This counts 30 restaurants, which is very close to 31. If the dataset’s intersection size is near 30 but not exactly 31, this would be incorrect. Small data variations or rounding could lead to such a near-match, but the exact COUNTIFS result would determine accuracy.

Option 27: With 27, the claim is that slightly over a quarter to nearly a third of the dataset meets both criteria. The validity depends on how many rows truly satisfy both conditions; any deviation in data labeling (YoY > 0) or AUV threshold (2023 > 1000k) would push the count away from 27.

How to distinguish between options in practice:
- Confirm the exact COUNTIFS criteria used: (Total YoY change > 0) AND (2023 Avg AUV > 1000). Ensuring both logical tests are applied is essential.
- Double-check data types and units: ensure YoY change is numeric and the AUV is expressed in thousands, so > 1000k corresponds to the intended numeric threshold.
- Consider whether any missing values (blanks or errors) affect the COUNTIFS result; in Excel, COUNTIFS ignores blanks but would not count errors as true matches.
- Remember that only the rows meeting both conditions contribute to the count; rows meeting one condition but not the other are excluded.

Summary of reasoning: Each option represents a potential intersection size between two filters. The correct choice is the one that exactly matches the actual count of restaurants meeting both (YoY > 0) and (AUV > 1000k) in the dataset. The other options are incorrect if their numbers do not equal that intersection size, which depends on the underlying data and the exact COUNTIFS setup.

BUSFIN 4201 SP2025 (4533) COMPREHENSIVE QUIZ

Using the excel quiz file (QSR tab), the COUNTIFS formula choose the correct number of quick service restaurants that: 1) have positive (i.e. greater than zero) total y/y change in units and; 2) have 2023 average AUV greater than $1,000 thousand

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