Median Essays & Research Papers

Best Median Essays

  • Mean and Median - 325 Words
    1.Mean and median are used as the primary measurement. Mode is seen in the first table and table 3 Appropriate measure of central tendency? Absolutely, the mean is clearly stated and many variations are introduced. Comparisons between years are used to show increases or decreases within the infant mortality rate. 2. How were measures of variation used in the study? Amongst the data collected several variations were introduced. These variations within cultures including Whites,...
    325 Words | 1 Page
  • Median Mode - 487 Words
    Statistics: Median, Mode and Frequency Distribution Given a list of numbers, The median is the “middle value” of a list. It is the smallest number such that at least half the numbers in the list are no greater than it. If the list has an odd number of entries, the median is the middle entry in the list after sorting the list into increasing order. If the list has an even number of entries, the median is equal to the sum of the two middle (after sorting)...
    487 Words | 4 Pages
  • Median and Workanswerinstructor Comments - 423 Words
    Week 4 Graph Assignment Q#|Problem|Show Your Work|Answer|Instructor Comments| 1.|The following table shows how much consumers are willing to pay for digital music and the potential revenue that can be derived from it.a. What percent of the market will be reached if the price per song is $0.50?b. What is the potential revenue when the price is $0.50 per song?|a.b.||| || Q#|Problem|Show Your Work|Answer|Instructor Comments| 2.|The pictograph shows the number of hamburgers sold at...
    423 Words | 2 Pages
  • Mean Mode and Median - 943 Words
    Mean, Mode and Median Ungrouped and Grouped Data Ungrouped Data refers to raw data that has been ‘processed’; so as to determine frequencies. The data, along with the frequencies, are presented individually. Grouped Data refers to values that have been analysed and arranged into groups called ‘class’. The classes are based on intervals – the range of values – being used. It is from these classes, are upper and lower class boundaries found. Mean Mean The  ‘Mean’ is the total of all the...
    943 Words | 16 Pages
  • All Median Essays

  • Mean Mode and Median - 943 Words
    Mean, Mode and Median Ungrouped and Grouped Data Ungrouped Data refers to raw data that has been ‘processed’; so as to determine frequencies. The data, along with the frequencies, are presented individually. Grouped Data refers to values that have been analysed and arranged into groups called ‘class’. The classes are based on intervals – the range of values – being used. It is from these classes, are upper and lower class boundaries found. Mean Mean The  ‘Mean’ is the total of all the...
    943 Words | 16 Pages
  • Mean, Median, Mode - 335 Words
    Mean, median, and mode are differing values that furnish information regarding a set of observations. The mean is used when one desires to determine the average value for data ranked in intervals. The median is used to learn the middle of graded information, and the mode is used to summarize non-numeric data. The mean is equal to the amount of all the data in a set divided by the number of values in that set. It is typically used with continuous figures. The result will probably not be one of...
    335 Words | 1 Page
  • Mean, Median, Five Number Summary
    Name : E. Student ID : 2011 Country : Course : Business Statistics Homework 2 1. Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. a) Compute the mean, median, and mode. b) Compute the 20th, 65th, and 75th percentiles. c) Compute the range, interquartile range, variance, and standard deviation. Answers: Data values: 15, 20, 25, 25, 27, 28, 30, 34 a) Mean: [pic]= ∑xi/n = (15+20+25+25+27+28+30+34) / 8 = 204 / 8 = 25.5...
    477 Words | 3 Pages
  • Statistics in Getting the Mean Median and Mode
    Please refer to Statistics for Behavioral Science by Robert Pagano in answering the following problems: | | | | | | | | | | | | | | | | | | | | | | I. Calculate the mean, median, and mode for the following scores: | | | | | | | | | | A. 5,2,8,2,3,2,4,0,6Mean: 3.56Median: 3 Mode: 2 | | | | | | | | | | | | | | | B. 30, 20, 17, 12, 30, 30, 14, 19Mean: 21.5 Median: 19.5Mode: 30 | | | | | | | | | | | | | C. 1.5, 4.5, 3.2,...
    320 Words | 2 Pages
  • Stephan Jay Gould's "The Median Isn't the Message"
    Stephan Jay Gould's "The Median Isn't the Message" Stephen Jay Gould was a paleontologist, evolutionary biologist, and a historian of science. He spent many years teaching at Harvard as well as at New York University in his later life. Gould, along with Niles Eldredge in 1972, published the theory of punctuated equilibrium. Their theory stated that creatures had long periods of evolutionary stability occasionally marked with rapid periods of advancement, unlike the previously accepted idea of...
    540 Words | 2 Pages
  • A Spatial Median Filter for Noise Removal in Digital Images
    A Spatial Median Filter for Noise Removal in Digital Images James C. Church, Yixin Chen, and Stephen V. Rice Department of Computer and Information Science, University of Mississippi {jcchurch,ychen,rice} Abstract In this paper, six different image filtering algorithms are compared based on their ability to reconstruct noiseaffected images. The purpose of these algorithms is to remove noise from a signal that might occur through the transmission of an image. A new algorithm,...
    4,278 Words | 14 Pages
  • SWOT Analysis - 1510 Words
     In this task, in result to a National Health Care Association being concerned about the shortage of nurses, I have a sample of 50 nurses degree of satisfaction in relation to work, pay and opportunities for promotion. This sample showed their degree of satisfaction on a scale from 0 to 100 from nurses from 3 different types of hospitals: Private, Veterans Administration and University. I have analysed this data to create results to better understand the current degree of job satisfaction...
    1,510 Words | 6 Pages
  • DA assignment - 871 Words
    Solution for question 1 Part B: Preliminary Analysis: We have analysed all six claims made by Eagle boys and following are our analyses. Claim 1: “Our pizzas are bigger than theirs”. Eagle boys deep pan, mid crust and thin crust BBQ Meatlovers, Super supremo and Hawaiin large pizzas are on an average 29.17 cm in diameter and Domino’s equivalent pizzas are on an average 27.44 cm in diameter. Data Analysis: In order to camper average size of Eagle boy’s pizza with Domino’s Pizza we have used...
    871 Words | 5 Pages
  • A. Constructing and Interpreting Graphical Displays of Distribution of Univriate Data (Dotplot, Stemplot, Histogram, Cumulative Frequency Plot)
    A. Constructing and interpreting graphical displays of distribution of univriate data (dotplot, stemplot, histogram, cumulative frequency plot) 1. Center = location Spread = variablility 2. Clusters are isolated groups of data points. Gaps refer to missing areas in a data set. 3. Outliers are extreme values, data points that lie significantly outside other values in a data set. Unusual features are gaps and clusters. 4. Shape = Distribution pattern with data B....
    410 Words | 2 Pages
  • Qnt565 - 352 Words
    University of Phoenix Material – Sonya Cargill 11/12/12 Week Five Calculations Read the following scenarios, and answer the accompanying questions. 1. Statistics students were asked to fill a one-cup measure with raisin bran, then tap the cup lightly on the counter three times to settle the contents. If necessary, they were instructed to add more raisin bran to bring the contents exactly to the one-cup line, then spread the contents on a large plate, and count the raisins. The 13...
    352 Words | 2 Pages
  • Does the amount of calories you eat in a day affect how many hours you sleep at night?
    TASK: My aim is to determine the relationship between the number of calories someone consumes in a day and the number of hours someone sleeps at night. Food is consumed as fuel; it contains calories that give you energy, and those calories burn off as you use them. The definition of a calorie is the amount of heat required at a pressure of one atmosphere to raise the temperature of one gram of water one degree Celsius. I want to see if the amount of “energy” someone takes in affects how they...
    1,082 Words | 6 Pages
  • business decision making - 3676 Words
     Table of Contents TASK 1 Scenario: 3 TASK 2 8 TASK 3 12 TASK 4 19 References 23 TASK 1 Scenario: You have been approached by London Marketing Research Company Ltd (LMRCL), to conduct a research to open up a new restaurant chain by Commission Restaurateur (CR) the Restaurants and eateries belonging to this group. You have been approached to conduct a thorough research and finally present the details to the group itself. 1.1 Create a plan for the collection of primary and secondary data...
    3,676 Words | 12 Pages
  • Mr Yogesh - 1000 Words
    Frequency distribution S Manikandan Assistant Editor, JPP Address for correspondence: Manikandan S., Department of Pharmacology, Indira Gandhi Medical College and Research Institute, Kadirkamam, Puducherry, India. E-mail: Author information ► Copyright and License information ► Copyright © Journal of Pharmacology and Pharmacotherapeutics This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits...
    1,000 Words | 0 Page
  • Motion Picture Industry - 2143 Words
    III. Data Analysis For this analysis, it was used descriptive statistics of a data set with four variables in order to describe the performance of the motion picture industry. First, the study involved measures of Location which include: mean, median, mode. In addition, it was analyzed measures of variability of the data set which include: variance, range, and standard deviation. Moreover, the outliers movies were identified by calculating the z-score of each variable. Finally, it was measured...
    2,143 Words | 6 Pages
  • Beginning of S1 Notes - 509 Words
    Representation and Summary of data [10/09/12] Histograms * To be able to draw and interpret histograms. * Continuous Data:- * Measured [Rounded off to a particular degree of accuracy] * Time * Length * Speed – Velocity * Mass – Acceleration * Volume * Density * Area * Most suitable for a histogram. The area of a histogram is proportional to its frequency. Area ∞ Frequency...
    509 Words | 4 Pages
  • Report Of Analysis About Heavenly Chocolates Web Site Transactions
    Report of analysis about Heavenly Chocolates web site transactions 1. Graphical and numerical summaries for the length of time the shopper spends on the Web site, the number of pages viewed, and the mean amount spent per transaction. There is a simply view on Table 1.1 about the 3 variables. Table 1.1 Simply view on numerical summaries   Time (min) Pages Viewed Amount Spent ($) Mean 12.8 5 68.13 Median 11.4 5 62.15 Minimum 4.3 2 17.84 Maximum 32.9 10 158.51 Range 28.6 8...
    798 Words | 6 Pages
  • s1 notes - 604 Words
    S1 Notes Monday 16 th January 2012 Mr Aroui Statistical experiment: A test adopted for collecting data to provide evidence for or against a hypothesis. Event: A sub-set of possible outcomes of an experiment. Sample space: A list of all possible outcomes of an experiment. Discrete data: Discrete data can only take certain values in any given range. Number of cars in a household is an example of discrete data. The values do not have to be whole numbers (e.g. shoe size is...
    604 Words | 3 Pages
  • Statistics in our daily life
     ADDITIONAL MATHEMATICS: PROJECT WORK 2013 “Statistics in our daily life.” CONTENTS Introduction Acknowledgement Part 1 Part 2 Part 3 Further exploration Conclusion Reflection INTRODUCTION I, along with my fellow classmates, had been given a task by our Additional Mathematics teacher, which was the Additional Project Work 2013. Statistics is the study of the collection, organization, analysis, interpretation and presentation of...
    1,301 Words | 12 Pages
  • Maths Leaf It to Me
    this term in year 11 we have collected data from two different species of trees and compared this data in graphs and statistics. we needed to prove or decline that as trees grow larger there leavs get smaller due to the fluid flow within the tree TABLE OF CONTENTS Part A: INTRODUCTION EXPECTAIONS, PREDICTIONS AND ASSUMPTIONS PAGE 3 DATA SECONDARY DATA – STEM AND LEAF PLOT PAGE 4 SECONDARY DATA – LINE GRAPH AND OGIVES PAGE 6 SECONDARY...
    3,378 Words | 12 Pages
  • Additional Maths Sba EXAMPLE
     Title: Is the net Weight of Grace Chicken Soup Actually 60 grams? Name of Candidate: Sba Example Center Number: 100033 Candidate Number: Teacher: Anybody Acknowledgement I must first thank the Lord God for blessing me with the knowledge, wisdom, strength and understanding in completing my Internal Assessment. Secondly, I would like to express my sincerest gratitude to my teacher Mr. Darron Fraser who has remain committed for several years, gone beyond his call of duty in his...
    631 Words | 6 Pages
  • Additional Maths Sba EXAMPLE
     Title: Is the net Weight of Grace Chicken Soup Actually 60 grams? Name of Candidate: Sba Example Center Number: 100033 Candidate Number: Teacher: Anybody Acknowledgement I must first thank the Lord God for blessing me with the knowledge, wisdom, strength and understanding in completing my Internal Assessment. Secondly, I would like to express my sincerest gratitude to my teacher Mr. Darron Fraser who has remain committed for several years, gone beyond his call of duty in his...
    631 Words | 6 Pages
  • Business Decision Making - 3036 Words
    ISMS Academy for Advance Learning Pune – Maharashtra - India BUISNESS DECITION MAKING Date of submissions 10.10.12 SUJIT KUMAR BEHERA Statement of Authenticity I certify that the work submitted in regard to this assignment is my own and wherever the works of others have been used to support my work, the credit has been duly acknowledged. Student Email : Date: 10.10.12 Business decision making [Type the document title] Extended Diploma in Strategic Management...
    3,036 Words | 11 Pages
  • statistics - 587 Words
    Alexander College Comm 291 Assignment 1 Instructor: Alfred Kong Due date: 26th May 2014 The assignment is due at the beginning of the class. Late assignment will not be accepted. For this assignment, complete all of the following questions. Question 1 A manufacturer of cat food was planning to survey households in the US to determine purchasing habits of cat owners. Among the questions to be included are those that relate to 1. Where cat fat is primarily purchased. 2....
    587 Words | 3 Pages
  • Biostatistics Tutorial 3 - 516 Words
    Tutorial 3 Question 1 a) A company wishes to review its distribution operation and from its time sheet records it found that 144 vehicles were loaded in a 24 hour period. A frequency distribution table was prepared from the data as follows: Time to load (minutes) Number of vehicles 40 up to 50 17 50 up to 60 61...
    516 Words | 3 Pages
  • Problem Set 1 Lind Chapter 9
    Problem Set I Complete and submit the following problem set: Lind Chapter 3: Exercises 60, 62, 68, 70, 72b. Exercise 60: Owens Orchards sells apples in a large bag by weight. A sample of seven bags contained the following numbers of apples: 23, 19, 26, 17, 21, 24, 22. a. Compute the mean number and median number of apples in a bag. 17 26 19 24 21 23 22 22 [pic]median 22 23 21 24 19 26 17 b. Verify that _(X _ ) _ 0 = 26 17 Verify that ∑(X-¯X) = 0...
    1,251 Words | 6 Pages
  • Add Maths SBA Insecticide
     VANSA DOOKERAN Additional Mathematics SBA School Based Assessment Vansa Dookeran 5X TABLE OF CONTENTS Page # Project Title 3 Purpose of Project 3 Method of Data Collection 4 Presentation of Data 6 Analysis of Data 18 Discussion of Findings and Conclusion 31 Bibliography 33 Appendix 34 Title: To investigate the time taken to...
    6,700 Words | 39 Pages
  • Research Method - 1432 Words
    Question 2 Part (a) Table 1; Data Summary ∑f=80 Calculations The sample arithmetic mean x ̅=( ∑▒〖(MI)×f〗)/(∑▒f) =1535/80=19.19 The median x ̅ =〖 L〗_(1 )+( (N/2-∑▒〖fmed )×c〗)/fmed =15+((40-27))/((22))×5 = 15 + 2.95 = 17.95 〖 L〗_(1 )=Lower class limit of the median N=Total Frequency ∑▒█(fmed )=Sum of the frequencies of classes below the median class@) fmed =Frequency of the median class c=Width of the median class The mode (X ) ̂=〖 L〗_(1 )+ (f_(0-f_1 )/(2...
    1,432 Words | 7 Pages
  • Mr. David O. Nwafor
    Statistical Concepts Series Radiology Seema S. Sonnad, PhD Describing Data: Statistical and Graphical Methods1 An important step in any analysis is to describe the data by using descriptive and graphic methods. The author provides an approach to the most commonly used numeric and graphic methods for describing data. Methods are presented for summarizing data numerically, including presentation of data in tables and calculation of statistics for central tendency, variability, and...
    4,943 Words | 15 Pages
  • Corless BTM8104 8 2
     NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Student: Marjoree Corless BTM8104-8 Hamid Jafari, PhD Statistics 1 Week 2 Assignment: Data Visually and through Numbers  Faculty Use Only     Chapter 3 and 4 Data file 2/ Data Visually and through Numbers Marjoree Corless Northcentral University Week 2 Assignment: Apply Graphs and Descriptive Stati...
    949 Words | 9 Pages
  • Prev Midterm 2 - 473 Words
    Midterm Exam ID: Name___________________________________ Sec: Determine whether the quantitative variable is discrete or continuous. 2) the weight of a player on the wrestling team A) discrete B) continuous Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. Round relative frequencies to thousandths. 3) The results of a survey about a recent judicial appointment are given in the table below. Construct a relative frequency...
    473 Words | 5 Pages
  • Coco Cola case study
    Descriptive statistical Report on Coca Cola fill ( Case Study ) PROBLEM STATEMENT: Reports show Variations while bottling the fluid Content of 200 milliliter in the newly introduced bottles at the Coca Cola factory in Russia Using Descriptive Statistical Analysis we need to assess the probability of satisfaction for the customer and the company. OBJECTIVE: To find the variation and its effects from the random sample of 50 bottles of 200 ml filled at the Coca cola factory in Russia...
    543 Words | 5 Pages
  • policy - 320 Words
    EMSE 6020: Decision Making with Uncertainty HOMEWORK 4, SUMMER 2013 Instructor: Joost Santos DEADLINE: June 27, 2013 Problem 1: (2 pts) Two contractors (1 and 2) placed a bid on a road construction project. They were each asked to provide percentile estimates of the time (x, in years) it would take the road to undergo a major maintenance after its completion. We seek to maximize this time variable x, as larger values imply better structural integrity as well as cheaper projection of the...
    320 Words | 3 Pages
  • How to Make Seeds for Essay
    Probability and Statistics Unit Overview In this unit you will investigate independent and dependent probabilistic situations and compare theoretical and experimental probability. You will practice displaying, summarizing, interpreting, and communicating univariate and bivariate data. Unit 5 Essential Questions ? ? How do different displays help you interpret data? Academic Vocabulary Add these words to your vocabulary notebook. categorical variables range experimental...
    12,681 Words | 59 Pages
  • Business Schools of Asia-Pacific
    Motion Picture Industry Ans 1: Using descriptive statistics such as the mean, median, standard deviation, range and quartile followings results were found: Variable Min Max Range Mean Deviation 1st Quartile 3rd Quartile Interquartile range Opening gross 0.009 108.436 108.427 9.37432 18.8747021 0.0625 12.4605 12.398 Total gross 0.025 380.176 380.151 33.0384 63.16469 0.3895 47.5585 47.169 No of theatres 5 3910 3905 1277.94 1379 45.5 2679 2634 weeks in top 60 1 27 26 8.68 6.38951161 3 13 10...
    765 Words | 4 Pages
  • Statistic - 1487 Words
    Department of Management Faculty of Management and Human Resource Development SUBJECT: SHD 1713: STATISTIC 1 LECTURER: DR, LOW HOCK HENG PREPARED BY: NOOR AZNEE BINTI JUNAIDI ZULFADLY BIN SAIFUL MOHD RASYDUDDIN BIN MAT NAWI MOHD HAZRUL AZEWAN MOHD ASRI BIN MOHD ARIFIN MOHD FAKERRYIKMAL BIN KAMALUDIN 820423-12-5184 870314-56-5549 830503-03-5829 810406-01-5451 750203-08-5159 890417-59-5265 SX110698HDS04 SX110718HDS04 SX110686HDS04 SX105341HDD04 SX112315HDF04 SX112317HDF04 1. A...
    1,487 Words | 7 Pages
  • Mb0040 Smu Mba - 383 Words
    Spring 2012 Master of Business Administration- MBA Semester 1 MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. Q1. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Q2. Draw a histogram for the following distribution: Age No. of people 0-10 10-20 20-30 30-40 40-50 5 10 15 8 2 Q3. Find the median value of the following set...
    383 Words | 2 Pages
  • Louis Math Project - 644 Words
    GAC010 Assessment Event 2: Project-Statistics Statistics Student Name: Louis Chen Teacher Name:Ian Due Date: June 3 2015 Word Count:499 GAC010 AE2 Louis ID 1. Create a dot plot to see the distribution of the data. 10 8 5 3 0 150 155 160 165 170 175 180 185 190 2. List data in order 157,160,162,165,166,167,167,167,168,169,170,171,172,173,174,174,176,178,180,182 3. What’s the Range of data: Range=Highest-Lowest=182-157=25(cm) 4. Plot the data in a Histogram and describe the...
    644 Words | 8 Pages
  • Visual Data Displays and Uses in Decision Making
    Visual Data Displays and Uses in Decision Making Ronya Bentz, Lasondra Defreeze, Terri Dougherty, Grace Zhao HCS/438 September 24, 2012 Gerald Rintals Visual Data Displays and Uses in Decision Making Studying the measures of central tendency will help to verify if these measures of central tendency for the given data are correct. The information will assist in predicting specific health issues and interventions needed to improve health care. The measure of variation...
    787 Words | 3 Pages
  • Statistics Project - 1019 Words
    Dani Socher Statistics Project Mr. Seufer 1/15/2013 Shooting Guards and Field Goal Percentage In the NBA, games are won by shooting the ball well, which makes sense. The more times your team’s players get the ball in the hoop, the more points are scored. And the more points scored, the more games won. Obviously, it is a little more complicated than that in reality, given how important defense is. But field goal percentage should be a solid indicator of games won. Field goal percentage is as...
    1,019 Words | 3 Pages
  • Quiz 1 STAT 302
    Question 1 of 20 1.0/ 1.0 Points A scatterplot allows one to see: A.whether there is any relationship between two variables B.what type of relationship there is between two variables C.Both (a) and (b) are correct D.Neither (a) nor (b) is correct Answer Key: C Question 2 of 20 1.0/ 1.0 Points The length of the box in the boxplot portrays the A.mean B.median C.interquartile range D.range Answer Key: C Question 3 of 20 1.0/...
    1,313 Words | 11 Pages
  • Motion Picture Industry Managerial Report
    When creating a movie to release in such a competitive industry, assurance is needed that there will be a return on investment as well as that their movie will be well-received by the public and entertaining to make it a popular hit at the box office. Using a sample of 100 motion pictures from 2005 and numerical methods of descriptive statistics, including measures of location, variability, distribution shape and the detection of outliers, the motion picture industry can be analyzed more...
    1,228 Words | 4 Pages
  • Motion Picture Industry - 1094 Words
    Case Problem 2: The Motion Picture Industry This case provides the student with the opportunity to use numerical measures to continue the analysis of the motion picture industry data first presented in Chapter 2. Developing and interpreting descriptive statistics such as the mean, median, standard deviation and range are emphasized. Five-number summaries and the identification of outliers are also of interest. Interpretations and insights can vary. We illustrate some below. Descriptive...
    1,094 Words | 4 Pages
  • Child Observation - 2078 Words
    -1Observer: Michelle Stanley Date of Observation: 3/2/10 Fictitious Name of Child: Abby Setting: Bed room and living room Child’s Age: 3 years and 10 months Physical Description of Child: When I walked into the house Abby was wearing her princess Belle dress-up gown. Her hair is bright blonde, down l loose and knotted, her eyed are blue, her skin is pale and her cheeks are rosy. Time Observed: 4:00pm - 4:10pm Behavior Observed: Upon entering the house Abby...
    2,078 Words | 6 Pages
  • The Motion Picture Industry - 1337 Words
    The motion picture industry is a competitive, multi-billion dollar industry involving production crews, marketing crews, actors, directors, distribution companies, movie theaters, and movie rental companies. Four variables are commonly used to measure the success of a motion picture; these variables include the opening weekend gross sales, total gross sales, number of theaters showing the movie, and weeks in the top sixty of gross sales. Using a sample of 100 motion pictures from 2005 and...
    1,337 Words | 4 Pages
  • Chapter 3 Summaries ECON 305
     Dear Dr. Ducking I am still not able to afford a book at this time. Also I did not make time to use the book in the reading room and the library only had the 3rd edition of the book. So I wrote a summary of the class notes that you had put up on blackboard. Chapter 3 Summaries: Chapter 3 talks about descriptive statistics with numerical measures. These measures consist of location and variability. The measures of locations are mean, median, mode, weighted mean,...
    1,030 Words | 3 Pages
  • “Use of Central Tendency and Dispersion in Business Decision”
    REPORT 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...
    2,629 Words | 11 Pages
  • Blackmores Research - 992 Words
    Analysis Descriptive statistics There six variables that we will analyse in this section, and shall be done one at a time. There are three different account types that are extracted from our sample. They are: * V: Visa * S:Savings * C: Cheque Refer to the frequency table and the pie chart provided in the appendices, you will notice that 6% of the sample have C accounts, 33% of the sample data have S accounts; and 61% of the sample data have V accounts. We can now refer to...
    992 Words | 3 Pages
  • Comparing Data - 268 Words
    Using the Standard Deviation You made a number of observations about the data sets for the school activities. You used mean and median to measure the center of the data, and you used the interquartile range (IQR) to measure the spread. When outliers are present, the median and IQR are used to measure center and spread because they are unaffected by extreme values. When the data appears to be symmetric and there are no known outliers, the mean and standard deviation (another measure of...
    268 Words | 2 Pages
  • Aggregation Bias - 487 Words
    What appears on the next page is a graph representing “aggregation bias” in data. Per Bakken’s report, he assumes that there are no differences between stand-alone retail properties (such as Walgreens) and strip-mall retail properties. He even uses a case study to “prove” that there are no differences in rents between strip and stand-alone retail properties. However, by looking at the graph on the next page, it is possible to find a stand-alone retail property (from Submarket B) that overlaps...
    487 Words | 2 Pages
  • Arithmetic Mean and Central Tendency
    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...
    623 Words | 5 Pages
  • Haha - 1722 Words
    Week 2 Lesson 3 will discuss the appropriate use of measures of central tendency and variability in describing ungrouped set of data. Topics this Week Organization of Data Measures of Central Tendency Measures of Variability Key Concepts Organization of Data Measures of Central Tendency and Variability The Mean The Median The Mode Skewed Distributions and Measures of Central Tendency Read pages 44-52 of your textbook. Activity 1 With the assigned topic/s to your group, find at least one...
    1,722 Words | 7 Pages
  • Problem 4 - 81 Words
    4. Determine the median and values corresponding to the first and third quartiles in the following data. 5.24 6.02 6.67 7.3 7.59 7.99 8.03 8.35 8.81 9.45 9.61 10.37 10.39 11.86 12.22 12.71 13.07 13.59 13.89 15.42 Median = 9.45 +9.91 / 20 = 9.53 Lp=(n+1)(P/100) L25=(20+1)(25/100) L25=5.25 L75=(20+1)(75/100) L75=15.75 The 1st quartile is located between the 5th and the 6th value. The distance between 1st and 6th value is 0.40. Then we multiply 0.40(0.25) = 0.10. Finally we add 0.10 to the...
    81 Words | 1 Page
  • Mba 510 Problem Set 1
    Lind Chapter 3: Exercise 60 Owens Orchards sells apples in a large bag by weight. A sample of seven bags contained the following numbers of apples: 23,19,26,17,21,24,22. a. Compute the mean number and median number of apples in a bag. Total number of Problems = 11 Mean = (23+19+26+17+21+24+22)/7 = 21.71 Problems correct = 8 Median = 22 CORRECT List of # in order from low to high: 17,19,21,22,23,24,26 List of # in order from...
    1,845 Words | 8 Pages
  • Statistics - 434 Words
    Lecture 1. Descriptive statistics includes statistical procedures that we use to describe the population we are studying. The data could be collected from either a sample or a population, but the results help us organize and describe data. Descriptive statistics can only be used to describe the group that is being studying. That is, the results cannot be generalized to any larger group. Inferential statistics is concerned with making predictions or inferences about a population from...
    434 Words | 2 Pages
  • Statistics Assignment for Mba - 3170 Words
    Q1. (a) ‘Statistics is the backbone of decision-making’. Comment. Ans.(a) Due to advanced communication network, rapid changes in consumer behavior, varied expectations of variety of consumers and new market openings, modern managers have a difficult task of making quick and appropriate decisions. Therefore, there is a need for them to depend more upon quantitative techniques like mathematical models, statistics, operations research and econometrics. Decision making is a key part of our...
    3,170 Words | 9 Pages
  • Hgtfr - 426 Words
    APPLIED SOCIAL SCIENCE MEI 2012 ABPD 2103 PERSONALITI NO. MATRIKULASI : 880916045857001 NO. KAD PENGNEALAN : 880916045857 NO. TELEFON : 012 2444477 E-MEL : PUSAT PEMBELAJARAN : MELAKA CONTENT 1.0 QUESTION 1 Q1 (a) Construct a cumulative frequency distribution Q1 (b) Draw Cumulative Frequency Polygon Q1 (c ) Q1 (d ) 2.0 QUESTION 2 Q2 (a ) Type of variable Q2 (b) Histogram Q2 (c ) Q2 (d)...
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