Assignment on Business Statistics

Added on - 07 Jan 2020

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STUDENT NAME:STUDENT ID:ASSIGNMENT TITLE: BUSINESS STATISTICS
Table of ContentsSection1:Introduction.....................................................................................................................3Section2: Review of article..............................................................................................................3Section 3:Bivariateanalysis of customer survey data...................................................................4Section4:Proposedchange..............................................................................................................6Section 5:Calculationof confidence interval of proportion THAT said YES................................6Section 6: Conclusion......................................................................................................................7Section 7:ReferenceList.................................................................................................................92
Section1:IntroductionBusiness based statistics is an important area of statistical analysis which is linked with businessoutcomes. It is a very important tool for doing businesses in economic and financial arena wherethe basic statistical tools are used in abundance. Not only this have the statistical measures suchas that of central tendency that is mean, median and mode and the measures of dispersion likestandard deviation and mean deviation and others are extremely important indicators for businessperformance (Siegel, 2016, p.124). Not only this the hypotheses based on business are analyzedin terms of t-test which is designed to either validating or invalidating the hypotheses based onimportant variables of statistics like confidence intervals and level of significance and others. Inthe following analysis, a detail account of gym customers and their responses are included.However, it is difficult to analyze expectations and physical requirements of gym customerswithout having personal details. The following statistical analysis is based on provided personaldetails of respective amount of male and females. The resources of statistical analysis includeage, height and other physical criteria.Section2: Review of articleThe value of gym based customer survey may not be fully evaluated in terms of the membershipof customers at the time of survey because the experience level of gym trainers is a must issuefor doing this kind of survey. Again the valuation of customer based membership of gyms is notfully supported until and unless the perceptions of life are taken into account in the process.There are several dimensions to evaluate the customer based perception based perceptions orvaluation mechanisms of gyms (Freedet al.2014, p.124). The customer based evaluation ingyms is dependent on socio-cultural and socio ethical values which depend on customerinteraction based mechanisms in gyms and fitness centre. Marketing based on society is anotheressential determinant of customer evaluation based relationship in fitness based service centerswhich are mainly of private origin. For instance the marketing processes based on pricemechanisms and price threshold regulations does take into consideration the value of moneygenerated in terms of gym member’s fees in form of cash granted to gym administrator in amonthly basis as an important factor determining customer based evaluation of performance ingyms and fitness centers of the present world which does create externality on society in which itis under activation (Zammit, 2015, p.147). For instance the emotional criterion in terms of gym3
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