MIT17122 Business Statistics Assignment

Added on - 28 May 2020

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Running head: BUSINESS STATISTICSBUSINESS STATISTICSName of the StudentName of the AuthorAuthor Note
1BUSINESS STATISTICSTable of ContentsAssignment Part I............................................................................................................................31. b...............................................................................................................................................3Assignment Part II...........................................................................................................................32. a................................................................................................................................................52. b...............................................................................................................................................52. c................................................................................................................................................53. a................................................................................................................................................53. b...............................................................................................................................................73. b. (i)......................................................................................................................................83. b. (ii)....................................................................................................................................83. c..............................................................................................................................................143. d.............................................................................................................................................144. a..............................................................................................................................................144. b.............................................................................................................................................154. c. (i)........................................................................................................................................154. c. (ii).......................................................................................................................................164. d.............................................................................................................................................165. a..............................................................................................................................................175. b.............................................................................................................................................18
2BUSINESS STATISTICS5. c..............................................................................................................................................207. a..............................................................................................................................................227. b.............................................................................................................................................237. c..............................................................................................................................................237. d.............................................................................................................................................237. e..............................................................................................................................................237. f..............................................................................................................................................23References......................................................................................................................................24
3BUSINESS STATISTICSAssignment Part I1. b.The student ID number selected for this particular assignment is MIT17122. Thus,according to the provided guideline of selecting the relevant random numbers, the last threedigits of the student ID are considered. Those are122. Consequently, the random numberselection procedure has been started from row number22and column number1. As the randomnumbers are provided in sets of 6 digits, each set or block provides two random numbers(Hamman et al., 2016). The first and last three digits of each block represent two distinct randomnumbers of sizes three. In the corresponding excel sheet, the first column denotes the randomnumber selected. Second column denotes the respective values of the random numbers selected.For instance, the first selected random number is 937 and so on (Chatterjee & Hadi, 2015). Thirdcolumn describes whether the selected random number is “Good” or “Not-Good”. Good meansthe number can be selected as a sample number (Wilson, Bhatnagar & Townsend, 2017). Notgood means it has to be rejected. Random numbers from 001 to 300 are selected otherwise it isrejected, including 000.The selected samples are outlaid in the file named “SampleSmartPhoneData”, containing50 samples from the provided list of 300.Assignment Part IIAs asked to provide, a Frequency Column Chart and a Relative Frequency Pie-chart hasbeen constructed to depict the number of and proportions of different entertainment type (Wun etal., 2016).
4BUSINESS STATISTICSMusic,VideoandmoviesNewsandWeatherAppsIMandSocialNetworkAppsGameseBooksMapsandNavigationAppsOther0510152025TotalFrequencyMusic,Video andmovies42%News andWeather Apps4%IM and SocialNetwork Apps14%Games16%eBooks18%Maps andNavigation Apps2%Other4%Relative Frequency Pie- Chart
5BUSINESS STATISTICS2. a.As per the following frequency column chart, 21 of the samples contain entertainment inthe form of Music, Videos and Movies (Weaver et al., 2018).2. b.It is evident from the frequency column chart that that music, videos and movies are themost commonly downloaded form of entertainments.2. c.0.18 of the sample proportion of entertainments are that of eBooks.3. a.The table below shows the incomes from a higher to lower order. Corresponding CNnumbers are also attached for convention.CNV1Rank60$250,0001.5193$250,0001.5140$180,0003.5225$180,0003.572$160,0005113$155,0006114$102,9837300$101,2628137$100,2679243$100,20010252$99,74211237$99,39814.5242$99,39814.5223$99,39814.5248$99,39814.5
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