All-
How many of you read the American Coin-Op "Stat Shot" articles? I like seeing owners' perceptions of business and pricing in their respective markets (although the markets are fairly broad, and should probably be referred to as "regions" rather than "markets.") This month's stat-shot annoys me, however.
http://www.americancoinop.com/articl...s-range-1-1750
The statement that "The price range for the most expensive front-load washes in the Western region is $2.75 to $7.89" is not entirely true. I've responded to this survey 3 times representing 3 of my laundromats. In all 3 responses, my high-end front-loader prices were listed at $12.50 and $13.75, with 2 out of 3 being increased over November 2010.
On one hand, I understand the need to omit extremes in the data set to obtain semi-accurate statistics, but on the other hand, a 29% error in reporting doesn't exactly present an accurate picture of the environment, does it?
-Case