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Business Decision Making

   

Added on  2023-01-04

13 Pages2054 Words61 Views
Finance
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Business Decision Making
Business Decision Making_1

Contents
TASK...............................................................................................................................................3
Question 1...............................................................................................................................3
Question 2...............................................................................................................................3
Question 3...............................................................................................................................5
Question 4...............................................................................................................................5
Question 5...............................................................................................................................5
Question 6...............................................................................................................................7
Business Decision Making_2

TASK
Question 1
Number Tally Frequency
2 II 2
3 I 1
4 IIII 4
5 IIII 4
6 IIII 4
7 II 2
Question 2
Mean
7
11
11
15
20
20
28
29
35
15
36
54
22
45
32
11
15
= 406 / 17 =
Business Decision Making_3

23.88
Mode: 11, 15 & 20
Range: 54 – 7 = 47
Variance:
Σ (x - x̅ )2 / n
X x̅ X- x̅ (x - x̅ )2
7 23.8 -16.8 282.24
11 23.8 -12.8 163.84
11 23.8 -12.8 163.84
15 23.8 -8.8 77.44
20 23.8 -3.8 14.44
20 23.8 -3.8 14.44
28 23.8 4.2 17.64
29 23.8 5.2 27.04
35 23.8 11.2 125.44
15 23.8 -8.8 77.44
36 23.8 12.2 148.84
54 23.8 30.2 912.04
22 23.8 -1.8 3.24
45 23.8 21.2 449.44
32 23.8 8.2 67.24
11 23.8 -12.8 163.84
15 23.8 -8.8 77.44
Total 2785.88
Variance = 2785.88 / 17 = 163.87
Standard Deviation = Σ (x - x̅ )2 / n = 12.80
Business Decision Making_4

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