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Empirical Research Methods for Business

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Added on  2022-12-22

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This document provides an overview of empirical research methods for business. It covers topics such as descriptive statistics, graphical representation, linear regression, reliability analysis, and ANOVA. The content includes examples and explanations of these methods in the context of variables such as weekly rent, distance to train station, street appeal, and materials. The document also discusses the significance of these variables and their impact on business decisions.

Empirical Research Methods for Business

   Added on 2022-12-22

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Empirical Research
Methods for Business
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Empirical Research Methods for Business_1
Question 1
(a) The requisite descriptive statistics associated with weekly rent as obtained from SPSS are
summarised below.
The requisite graphical representation for weekly rent has been achieved through the use of
histogram shown below.
2
Empirical Research Methods for Business_2
Comment
Based on the above histogram, it is apparent that the shape of the distribution is not
symmetric since the tail on the right of the mean is longer then the tail on the left of the mean.
The presence of positive skew is also supported from the descriptive statistics. The given
variables cannot be assumed to be normally distributed as skew present is sizable and also the
kurtosis value is significantly different from 3 (Hillier, 2016).
(b) The requisite descriptive statistics associated with distance to train station as obtained
from SPSS are summarised below.
3
Empirical Research Methods for Business_3
The requisite graphical representation for distance from train station has been achieved
through the use of histogram shown below.
4
Empirical Research Methods for Business_4

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