The SIC (Standard Industrial Classification) code for fast food restaurants

Answer the following questions and give the source details you used to answer the questions.
Write an answer to each question. Present findings in a paragraph, readable, and logical form · Be sure to include all salient information.

  1. What are the SIC and NAICS codes for fast food restaurants and for bars?
  2. What percent of households in Dallas County have an income over $200,000 per year?
  3. What are the demographics (age and income) of the people most likely to eat out at restaurants at least once a week?
  4. What is the average number of times students eat out in a restaurant? Give the global figure.
  5. On average do people in Dallas or Austin have the longer commute to work?
  6. You are thinking of opening a chain of small kiosks in every major United States airport and want to target the largest airport first. What are the five busiest airports in the U.S?
  7. What is the population of Edinburgh, Scotland?
  8. In which region (Northeast, Midwest, South or West) do families spend the most on reading materials like books, magazines, and newspapers?
  The SIC (Standard Industrial Classification) code for fast food restaurants is 5812 which falls under the category of "Eating Places." The NAICS ( American Industry Classification System) code for food restaurants is 722513, which is specifically for "Limited- Restaurants." The S code for bars 5813, categorized as "Drinking Places (Alcoholic Beverages)." NAICS code for bars is 722410, which corresponds to "Drinking PlacesAlcoholic Beverages)." Source: U.S. Census Bureau. (n.d.). NAICS & SIC Manuals and Reference Files. Retrieved from https://www.census.gov/naics/ The exact percentage of households in Dallas County with an income over $200,000 per year may vary depending on the source and the specific year of data. However, according to the U.S. Census Bureau's American Community Survey 2019, approximately 8.5% of households in Dallas County had an income of $200,000 or more. Source: U.S. Census Bureau. (2021). American Community Survey 2019 1-Year Estimates. Retrieved from https://data.census.gov/cedsci/ The demographics of people most likely to eat out at restaurants at least once a week can vary, but generally, younger adults and individuals with higher incomes are more inclined to dine out frequently. According to a study conducted by the National Restaurant Association in 2019, individuals aged 25-34 were the most likely age group to eat out at restaurants at least once a week. In terms of income, those with higher disposable incomes are more likely to dine out regularly. Source: National Restaurant Association. (2019). 2019 State of the Restaurant Industry. Retrieved from https://www.restaurant.org/research/reports/state-of-the-industry The average number of times students eat out in a restaurant globally can be influenced by various factors such as cultural norms, economic conditions, and personal preferences. However, according to a survey conducted by Statista in 2020, the average frequency of eating out in restaurants among students worldwide was approximately 1-2 times per week. Source: Statista. (2020). Students' Frequency of Eating Out Worldwide as of September 2020. Retrieved from https://www.statista.com/statistics/1199203/students-frequency-of-eating-out-worldwide/ To determine whether people in Dallas or Austin have a longer commute to work on average, it would be necessary to analyze transportation data specific to these cities. However, according to the U.S. Census Bureau's American Community Survey 2019, the average commute time for workers in Dallas County was approximately 26 minutes, while the average commute time for workers in Travis County (where Austin is located) was approximately 24 minutes. Therefore, based on this data, people in Dallas have a slightly longer average commute time compared to those in Austin. Source: U.S. Census Bureau. (2021). American Community Survey 2019 1-Year Estimates. Retrieved from https://data.census.gov/cedsci/ The five busiest airports in the United States, based on passenger traffic, are as follows:Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia Los Angeles International Airport (LAX) in Los Angeles, California O'Hare International Airport (ORD) in Chicago, Illinois Dallas/Fort Worth International Airport (DFW) in Dallas-Fort Worth, Texas Denver International Airport (DEN) in Denver, Colorado Source: Federal Aviation Administration. (n.d.). Air Traffic Activity System (ATADS). Retrieved from https://aspm.faa.gov/opsnet/sys/Center.asp The population of Edinburgh, Scotland, as of mid-2020 is estimated to be around 542,800 people. Source: National Records of Scotland. (2021). Mid-2020 Population Estimates for Settlements and Localities in Scotland. Retrieved from https://www.nrscotland.gov.uk/statistics-and-data/statistics/statistics-by-theme/population/population-estimates/settlements-and-localities/mid-2020 To determine which region (Northeast, Midwest, South, or West) spends the most on reading materials like books, magazines, and newspapers, detailed expenditure data specific to each region would be required. However, according to the Bureau of Labor Statistics' Consumer Expenditure Survey 2019 data, households in the Northeast region spent the highest average amount on reading materials compared to other regions. Source: U.S. Bureau of Labor Statistics. (2020). Consumer Expenditure Survey 2019 Annual Report. Retrieved from https://www.bls.gov/cex/2019/combined/age.pdf  

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