Measures Of Central Tendency: Mean Medium Mode Mode instead of mean… Categorical variables‚ words not numbers Measures of Dispersion: Standard Deviation‚ Range‚ and Variables Range = Largest number minus smallest number SD = Average Distance from the Mean (Most frequently used) Variance: Fat & Skinny Distributions: Skewness – measure of the lack of symmetry‚ or the lopsidedness of a distribution. One “tail” of the distribution is longer than another. Kurtosis: has to do
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ON “Use of Central Tendency and Dispersion in Business Decision” Course Title: Business Statistics Course Code: STS201 Submitted To: Mr. Raihanul Hasan Senior Lecturer Submitted By: Date of submission: 26-12-12 BBA PROGRAM STATE UNIVERSITY OF BANGLADESH We can use single numbers called “Summary Statistics’ to describe characteristics of a data set. Two of these characteristics are particularly important to decision makers: 1. Central tendency 2. Dispersion
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The Real World Problem Noise pollution is a serious problem‚ as defined is unwanted or excessive sound that can have deterious effects on human health and environmental quality‚ whilst also disrupting the balance of life. The real world problem depicted in the image in particular from Noise pollution is aircraft noise‚ which is a result of air traffic‚ for the residents of suburbs neighboring airports it imposes a great cost. It can result in stress‚ damage to hearing‚ noise insulation‚ rise
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Week Five Discussion | This Discussion will give you the opportunity to calculate or identify the three measures of central tendency. You will be asked to select an appropriate real life situation in which one measure would be more appropriate than the other two measures of center. 1. Select a topic of interest to you and record the topic in your posting‚ for example: “What is the average number of hours people watch TV every week?” Make sure the question you ask will be answered with a number
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Answer the following problems showing your work and explaining (or analyzing) your results. 1. Describe the measures of central tendency. Under what condition(s) should each one be used? Mean- Works good when it comes to test scores Median- should be used when describing something like average income. Mode= is good is you want to see what is you best seeing product in a store situation. 2. Last year‚ 12 employees from a computer company retired. Their ages at retirement are listed below.First‚
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Assignment on Central Tendency and Dispersion 1. A manufacturer of hand shovels is deciding what length handles to use. Studies of user preference reveal that the average‚ the median‚ mean and mode of preferred length are all different. What are the implications of using each of these values? Which value would you decide? 2. A given machine is assumed to depreciate 40 percent in value in the first year‚ 25 percent in value in the 2nd year and 10 percent in value in the next three years; each
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Central Business District A problem in the world’s most CBDs is that the volume of traffic caused air pollution and was a danger to health and safety of shoppers and other pedestrians. Fortunately this problem does not apply to Vienna anymore. In the past it used to be a problem in Vienna too but the government acted fast and used certain precautions to end this problem. What they did was that they placed many different types of public transport like buses‚ trams and trains. These encouraged people
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Real World Quadratic Functions Read the following instructions in order to complete this assignment: 1. Solve problem 56 on pages 666-667 of Elementary and Intermediate Algebra. 2. Write a two to three page paper that is formatted in APA style and according to the Math Writing Guide. Format your math work as shown in the example and be concise in your reasoning. In the body of your essay‚ please make sure to include: o An explanation of the basic shape and location of the graph and what
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Real-world Business Analysis Contents The Business Model 3 Uncontested Market Space Strategy—First Pass 3 General Force and Customer Analysis 4 Customer Analysis 5 Relative Core Competency and Resource Analysis 7 Metrics Tactical Plan 10 General Approach to Leadership and Culture 13 Six Paths Analysis 15 Strategy Canvas Analysis 17 Four Actions Grid Analysis 20 Noncustomer Analysis 21 Buyer Utility Map 22 Price Corridor Analysis 24 BOI Index Table 25 Three E Fair Process Analysis
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report How creativity has been applied to a business idea or problem To make a business grow and achieve productive and efficient results you need to invoke creativity which has always been an essential business skill. Since long time creativity has been applied to a business world as companies seek to use it in all parts of the organization to make it gain more profits and to be exceptional from others. A business person has to find unique solutions every day and he has to know how to react
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