Descriptive Statistics - Analysis of Expenditure on Stand Mixers, Time Series Data, Critical Path Analysis, Break Even Analysis

Descriptive statistics

TABLE OF CONTENTS
PART 1............................................................................................................................................2
TASK 1............................................................................................................................................2
a)..................................................................................................................................................2
b)..................................................................................................................................................2
TASK 2............................................................................................................................................3
a)..................................................................................................................................................3
b)..................................................................................................................................................4
c)..................................................................................................................................................4
TASK 3............................................................................................................................................4
a)..................................................................................................................................................4
TASK 4............................................................................................................................................5
a)..................................................................................................................................................5
b)..................................................................................................................................................5
c)..................................................................................................................................................5
TASK 5............................................................................................................................................5
a)..................................................................................................................................................5
b)..................................................................................................................................................6
c)..................................................................................................................................................6
d)..................................................................................................................................................6
e)..................................................................................................................................................6
TASK 6............................................................................................................................................6
1...................................................................................................................................................6
2...................................................................................................................................................7
TASK 7............................................................................................................................................7

PART 2............................................................................................................................................7
1...................................................................................................................................................7
2...................................................................................................................................................7
3...................................................................................................................................................8
4...................................................................................................................................................8
5...................................................................................................................................................8
6...................................................................................................................................................8
REFERENCES................................................................................................................................9

PART 1
TASK 1
a)
Expenditure (£) on Stand Mixers
Mean 224.00
Standard Error 6.58
Median 224.00
Mode 224.00
Standard Deviation 75.00
Sample Variance 5625
Kurtosis -0.49
Skewness -0.32
Range 301.00
Minimum 68.00
Maximum 369.00
Sum 29120
Count 130
Coefficient of Variation 33.5%
b)
Through the descriptive statistics, it has been analyzed that average number of
respondents (224) are willing to pay for a stand mixer. Whereas the value of standard deviation
reflected that there is 75% chances of deviating from the views of selected respondents.