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Introduction to Statistical Tools

   

Added on  2020-06-05

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4 questions

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Question 1........................................................................................................................................1A.............................................................................................................................................1B.............................................................................................................................................1C.............................................................................................................................................1D.............................................................................................................................................1Question 2........................................................................................................................................1A.............................................................................................................................................1..........................................................................................................................................................2B.............................................................................................................................................2C.............................................................................................................................................2D.............................................................................................................................................3Question 3........................................................................................................................................3A.............................................................................................................................................3B.............................................................................................................................................3C.............................................................................................................................................3Question 4 .......................................................................................................................................4A.............................................................................................................................................4B.............................................................................................................................................5C.............................................................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................5

INTRODUCTIONStatistical tools are important for management of the company as it has various tools thathelp and assist managers to take vibrant decisions. The present report deals with statistical toolsfor making strong decisions. Question 1ABAll the mean value of 4 quizes meet each other. As such, mean value of quiz 1 and 2 is 72and rest two have 76 each. CStrength of mean is that variables are highlighted. On the other hand, weakness is that itdoes not clarify values apart from mean (Revelle, 2017). Median equally divides data set in twoparts. While weakness is that trends are not showed by it. Mode occurs most frequently in wholedata. On the other hand, weakness is that value must repeat in data else, mode will be zero.DBell shape is not formed as data is asymmetric and not skewed. Question 2A1

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