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Importance of Business Analytics Name Institution Task 02 3 Descriptive Analysis

   

Added on  2020-03-23

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Importance of Business AnalyticsNameInstitution1

Table of ContentsTask 02.............................................................................................................................................3Descriptive Analysis........................................................................................................................3Measures of central tendencies........................................................................................................3Technique: Mean..........................................................................................................................3Technique: Median......................................................................................................................4Technique: Mode.........................................................................................................................4Measures of dispersion....................................................................................................................4Technique: Range........................................................................................................................5Technique: Variance....................................................................................................................5Technique: Standard Deviation....................................................................................................5Measures of position........................................................................................................................6Technique: Z-score......................................................................................................................6Technique: Percentiles.................................................................................................................6Technique: Quartiles....................................................................................................................6Technique: Interquartile range.....................................................................................................7References........................................................................................................................................82

Task 02Descriptive AnalysisThis analysis techniques is usually categorized into two major groups Measures of Central tendencies, and Measures of Dispersion. The Measures of Central Tendencies are further branched to Mean, Median, and Mode. The Measures of Dispersion are further subdivided into Range, Variation and Standard Deviation. Descriptive Analysis TaxonomyMeasures of central tendenciesi.Technique: MeanPurpose: Determining the Central tendency of a given set of numberFunctionality: Sums up all set of number and divides by the count of the numbersAssumptions: The set of numbers are from a normal distribution. 3Descriptive AnalysisRangeVariationStandard DeviationModeMedianMeanMeasures of DispersionMeasures of Central Tendencies

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