Instructions: The Assignment consists of two parts. Please attempt both PART A and PART B. Analyze the results of your statistical processing and provide practical managerial implications wherever applicable. Your assignment should have a cover page including the Group number and the names of the Group members. The assignment should be handed over as a printed copy on the due date. In addition an electronic copy should also be submitted to the HULT online course page. The file you are uploading should be named as ASSIGNMENT1_GROUPNUMBER e.g. Group Number 1 will name the folder as ASSIGNMENT1_GROUP1. Any one member of the group should upload it to the Assignment section of the course homepage on HULT Online. *Assignments submitted after the due date will not be accepted.

PART A
Netvalley.vom compiled a list of top 100 banks in the United States according to the total assets. Leading the list was Bank of America, followed by JP Morgan Chase and Citibank. Following is an Excel Analysis of total assets ($ billions) of these banks using the descriptive statistics feature. Study the output and describe what you can learn about the assets of these top 100 banks from the output.

Top 100 Banks in the U.S

Mean Standard Error Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum Count

PART B
During the 1990s, businesses were expected to show a lot of interest in Central and Eastern European countries. As new markets began to open, American business people needed a better understanding of the market potential there. The following are the per capita GDP figures for eight of these European countries published by the World Almanac. Note: The per capita GDP for US is $44,000.

Per Capita GDP of 8 select European countries:

Country Albania Bulgaria Croatia Czech Republic Hungary Poland Romania Bosnia/Herzegovina...

...Statistics in Business
QNT/351
Statistics in Business
What is statistics? Statistics is collecting, measuring, analyzing, and communicating data. There are two types of statistics, descriptivestatistics and inferential statistics (Lind, Marchal, & Wathen, 2011). Statistics are applied in different situations. This paper will describe the role statistics has in making business decisions. This paper will also provide examples of situations in which statistics are applied.
Types of Statistics
Lind, Marchal, and Wathen define statistics as “The science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions (Lind, et al., 2011, p. 5). In statistics there are two types, descriptive and inferential statistics. First, descriptivestatistics is the informative organization, summarization, and presentation of data. The second type of statistics is inferential statistics. Inferential statistics is also called statistical inference, is “the methods used to estimate a property of a population on the basis of a sample” (Lind, et al., 2011 p. 7).
Statistic Examples
One example of...

...Descriptive and Inferential Statistics Paper
Descriptive and Inferential Statistics Paper
Statistics are used for descriptive purposes, and can be helpful in understanding a large amount of information, such as crime rates. Using statistics to record and analyze information, helps to solve problems, back up the solution to the problems, and eliminate some of the guess work. In Psychology there has to be a variable or variables to be organized, measured, and expressed as quantities. Information is usually in the form of a frequency table, histogram, or bar graph to show the increase or decline in occurrences over a period of time. Psychological statistics is used to keep track of behavioral reactions to certain stimuli, and since the human behavior is so unpredictable, psychologists use statistics instead of trying to predict outcomes of situations.
Functions of Statistics
Understanding and interpreting data can be difficult if one does not possess the necessary skills to do so. The knowledge of how and why statistics are used is a very important first step to gaining these skills. The following few paragraphs will offer an explanation of the functions of statistics, which will describe how different types of statistics are used to make sense of data that can sometimes be confusing....

...What are the characteristics of a population for which a mean/median/mode would be appropriate? Inappropriate?
The analysis of data begins with descriptivestatistics such as the mean, median, mode, range, standard deviation, variance, standard error of the mean, and confidence intervals. These statistics are used to summarize data and provide information about the sample from which the data were drawn and the accuracy with which the sample represents the population of interest. The mean, median, and mode are measurements of the “central tendency” of the data. The range, standard deviation, variance, standard error of the mean, and confidence intervals provide information about the “dispersion” or variability of the data about the measurements of central tendency.
MEASUREMENTS OF CENTRAL TENDENCY The appropriateness of using the mean, median, or mode in data analysis is dependent upon the nature of the data set and its distribution (normal vs non-normal). The mean (denoted by x) is calculated by dividing the sum of the individual data points (where Σ equals “sum of”) by the number of observations (denoted by n). It is the arithmetic average of the observations and is used to describe the center of a data set.
mean=x= One of the most basic purposes of statistics is simply to enable us to make sense of large numbers. For example, if you want to know how the students in your school are doing in the statewide...

...Air Force Assignment
1. Use appropriate descriptivestatistics to summarize the training time data for each method. What similarities or differences do you observe from the sample data?
Descriptive analysis in excel has been used to come up with relevant figures of the given data samples which is tabulated below:
DescriptiveStatistics | Current | Proposed |
Mean | 75.06557 | 75.42623 |
Standard Error | 0.505094 | 0.32091 |
Median | 76 | 76 |
Mode | 76 | 76 |
Standard Deviation | 3.944907 | 2.506385 |
Sample Variance | 15.5623 | 6.281967 |
Kurtosis | -0.06933 | 0.58694 |
Skewness | -0.22053 | -0.28749 |
Range | 19 | 13 |
Minimum | 65 | 69 |
Maximum | 84 | 82 |
Sum | 4579 | 4601 |
Count | 61 | 61 |
Analysis of descriptivestatistics shows that both the current and the proposed plan have almost similar mean completion hours which stand at 75.06 and 75.42 for the current and proposed respectively. Both the plans have exact same median and mode. However, the standard deviation in the current plan (3.94) is higher than that in the proposed plan (2.56), which is ultimately leading to the higher variance in the current plan. This suggests that the completion hours are more dispersed the mean value in the current plan, hence the mean does not give the true picture of data distribution whereas in the proposed plan, data for completion hours is...

...DescriptiveStatistics: Real Estate
University of Phoenix
RES/341 Research and Evaluation I
DescriptiveStatistics: Real Estate
Does having a pool increase the price of houses that have the same number of bedroom? In order to answer that question, we divided our data set into two groups; houses with 1 to 3 bedrooms and houses with 4 and more bedrooms. We then compared the prices of houses with a pool to houses without a pool in each group. Different calculations were used to determine the central tendency, dispersion, and the skew of our data. The central tendency helps to simplify data and also to predict future results. We can use diverse calculations to measure it such as the mean, mode, and median. According to our sample of houses with 1 to 3 bedrooms, the mean price was higher of $4,060 for houses without a pool than with a pool. The same rule applies to houses with more than 4 bedrooms, but with a larger difference of $51,170. Another way we used to calculate the central tendency is by finding the median. The medians are also higher in each group for houses without a pool than those with a pool.
To better answer the above question, we also analyzed the skewness of our data in the two groups. . If we look at the two groups, houses with 1 to 3 bedrooms and houses with 4 or more bedrooms, the data seems to be skewed to the right because the mean is larger than the median. However, due to the...

...DescriptiveStatistics paper
RES/341
July 24, 2011
DescriptiveStatistics paper
The information below is a continuance of week two, week three, and on week four. The previous assessment in week two on “real estate research” for thinking of hypothesis on home values in Alvarado, Texas. The evaluating on real estate prices reveals a purpose of this research paper and its importance findings. The discoveries include problem definition, and on variables.
The next assessment was on week three on “data collection” on reviewing literatures, sampling design, and on any ethical concerns with collection data on the same topic. A summary was assembled in week three on terms of population, sampling size, and factors on real estate. This research found house prices to change in each different region.
This is week four paper on “descriptivestatistics” on real estate in Alvarado, Texas. The information below will consist of; data analysis, data using graphic and tabular techniques, and on skew values, histogram measures, and on central tendency.
The Central tendency is the measures of numerical summaries used to summarize data with a one number. The most common used are mode, mean, and median. The Hypothesis is "homes more or less expensive fifteen miles away from the center of the city"? The comparison will come from the City of Arlington, Texas, and Cedar Hill. The mode is the data...

...Descriptive and Inferential Statistics
Greg Hagen, Jean Parker, Jade Riley, Nanika Woods, Myron Hamilton, Tajah Gutierrez, Treva Eley
PSY/315
June 9, 2012
Nancy A. Walker
Descriptive and Inferential StatisticsStatistics is a vital part of the psychological field as the analysis of statistics provides researchers with a means of both describing the results of research and surmising from those results, as well as drawing conclusions related to a hypothesis. Statistics gives a better understanding and exact description of a phenomenon of nature when in the field of study and includes data collection, data analysis, interpretation of, and making inferences from the data.This analysis is usually done on information that has been assembled in the form of graphs and charts of various types. Essentially, there are two branches of methodology involving statistics, descriptivestatistics and inferential statistics, with descriptivestatistics describing the research, and inferential statistics making inferences from it. Without statistics, researchers would have little foundation for the validation of their theories.
“Statistics is a form of math and this math is used when concerning analyzing, organizing as well as interpreting groups of...

...DescriptiveStatistics Paper
By
September 27, 2010
In this paper Team B will examine the data that we have collected and we will draw a conclusion based on your findings, to get to the conclusion we will analyze the data using descriptivestatistics, we will calculate the measures of central tendency, and dispersion, we will also show all the information with graphics and tables for a better understanding of the date, after all these steps are executed we will draw our conclusion.
Data Analysis Using DescriptiveStatistics
Through this paper, Team B will use the philosophy of descriptivestatistics to describe the main feature of the collection of data quantitatively (Main PS 1995). Descriptivestatistics will provide simple summaries about the samples and the measures. In essence, we will show a summary of the data that the team has collected. Some of the ways that we will show the data collected will be in the form of first central tendency which is the distribution locates the center of a distribution of values. The three types of the central tendency are the mean, the median and the mode. Secondly, we will look at the dispersion which is the spread of values around the central tendency (Dodge 2003). The standard deviation is a more accurate way of measuring the dispersion. Thirdly, the use of graphics and tables to...