Statistical Methods and Methods for Analyzing Large Quantum Data Set
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Added on 2020-01-28
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The present report will perform various statistical methods like descriptive analysis, scatter diagram & regression equation using spreadsheet functions so as to examine the data regarding graduation & retention ratio percentage of 29 universities. The assignment report will lay emphasizes upon making a quantitative study applying various statistical methods and tools for analyzing results of GR & RR% of all the universities.
Statistical Methods and Methods for Analyzing Large Quantum Data Set
Added on 2020-01-28
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ECONOMICS AND QUANTITATIVEANALYSIS
Table of ContentsPURPOSE.....................................................................................................................................................3BACKGROUND.............................................................................................................................................3METHOD......................................................................................................................................................3RESULTS.......................................................................................................................................................4DISCUSSION.................................................................................................................................................7RECOMMENDATIONS..................................................................................................................................8REFERENCES................................................................................................................................................9
PURPOSENow-a-days, it becomes very complex for the managers to analyze huge quantum of dataset, therefore, they often apply statistical tools and methods through transforming the data seriesinto quantitative or statistical order. They use MS Spreadsheet (EXCEL) and apply variousformulas of excel to make statistical analysis. Moreover, in the current period, they can alsovarious advanced software packages for statistical data evaluation like SPSS & others(Selvanathan,Selvanathan and Keller, 2014). The present report will perform various statisticalmethods like descriptive analysis, scatter diagram & regression equation using spreadsheetfunctions so as to examine the data regarding graduation & retention ration percentage of 29universities. Thus, the primary aim or core focus of the report is to analyze the distribution ofdata set of 29 colleges approaching distinguish statistical methods. Moreover, it also aims atgiving the best recommendation to the South University & University of Phoneix. BACKGROUND Looking into the current educational sector of United Status, it can be observed thathigher education institutions are suffering challenging conditions from the online universities. Inthese regards, a database has been developed demonstrating the list of 29 accredited onlineuniversities, graduation rate & retention rate percentage running as an independent organizationsand delivering education facilities to the students. The assignment report will lay emphasizesupon making a quantitative study applying various statistical methods and tools for analyzingresults of GR & RR% of all the universities. It will helps to examine the results statistically anddevelop appropriate solutions and recommendations to the South & Phoneix university. METHOD(A). Descriptive analysis: Descriptive analysis refers to the analysis of whole data set throughdetermining central tendency & dispersion measurement. Central tendency measurement is usedto find out representative values through mean, mode & median. Mean is called averagecomputing by summing up the values divided with the total number of items, median is derivedthrough finding middle value that is equal to 50% however mode is the most frequently incurreditem of the data series (Siegel, 2016). On the other hand, dispersion measures that to what extent
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