Statistics for Business Decisions - PDF

Added on - 31 May 2021

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Running Head: STATISTICS FOR BUSINESS DECISIONSStatistics for business decisionsName of the StudentName of the UniversityAuthor Note
1STATISTICS FOR BUSINESS DECISIONSTable of ContentsANSWER 1.....................................................................................................................................2ANSWER 2.....................................................................................................................................5ANSWER 3.....................................................................................................................................7ANSWER 4...................................................................................................................................10ANSWER 5...................................................................................................................................13
2STATISTICS FOR BUSINESS DECISIONSANSWER 1Part aThe frequency table can be represented as:Class IntervalFrequencyRelative FrequencyPercentageFrequencyDistribution15030.066.0%200150.3030.0%250140.2828.0%30060.1212.0%35040.088.0%40030.066.0%45030.066.0%50020.044.0%Part b1502002503003504004505000.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%Percentage Frequency Distribution of Order ValueFrequency (Order Value)PercentageofOccurenceFigure 1: Percentage Frequency Distribution of Order ValueFrom the above histogram it is found that the order values are skewed to the right. Henceit can be said that the mean order value is greater than the median order value.
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