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Statistics for Business Assignment

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Added on  2020-05-11

Statistics for Business Assignment

   Added on 2020-05-11

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STA101 STATISTICS FORBUSINESSAssignment Student id [Pick the date]
Statistics for Business Assignment_1
Question 1 S.No.Question Data TypeMeasurement levelReasoning 1.GenderCategoricalNominalThe reason is that gender i.e.being male and female would bemeasured on nominal scale. 2.Approximateundergraduate collegeGPAContinuous RatioUndergraduate college GPA i.e.1 to 4 is measured on rationscale and is of continuous datatype. 3.Number of hours perweek Continuous RatioNumber of hours per weekwould be a numeric value andhence, solved throughmathematical operation.Therefore, the data type iscontinuous and has measured atratio measurement scale. 4.Ideal number of childrenfor a married couple DiscreteRatioIdeal number of children wouldbe integer value and hence,solved through mathematicaloperation. Therefore, it hasmeasured at ratio measurementscale.5.Describe parents CategoricalOrdinalOrder for one month would alsodominate up through order 5 forthe father. Therefore, , it hasmeasured at ordinalmeasurement scale.Question 2 Relevant data is represents below:1
Statistics for Business Assignment_2
(a)The mean, median and mode of the above data is computed through excel functions and is shown below:Function used:Mean = AVERAGE (), Median = MEDIAN (), Mode = MODE ()(b)The measures of central tendency (mean, median and mode) are not equal and therefore, it would be fair to conclude that the measures of central tendency do not agree. (c)The standard deviation has been calculated through excel function and is shown below:Function used:2
Statistics for Business Assignment_3
STDEV () (d)The sorting and standardized data is represented below:zi=(xi− ́xs) ́x=724.67, s=114.28,xiisgivensetofdata3
Statistics for Business Assignment_4

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