HI6007 Statistics for Business Decisions Assignment

Added on - 31 Oct 2019

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Running head: STATISTICS FOR BUSINESSStatistics for BusinessName of the StudentName of the UniversityAuthor Note
1DATA ANALYTICSTable of ContentsTask 1...............................................................................................................................................2Question 1....................................................................................................................................2Question 2....................................................................................................................................2Question 3....................................................................................................................................4Question 4....................................................................................................................................6Task 2...............................................................................................................................................7Question 1....................................................................................................................................7Question 2....................................................................................................................................7Question 3....................................................................................................................................8Question 4....................................................................................................................................8Question 5....................................................................................................................................8Question 6....................................................................................................................................9Question 7....................................................................................................................................9Question 8....................................................................................................................................9
2DATA ANALYTICSTask 1Question 1The central tendency for mean, median, mode and dispersion measures for range, standarddeviation and variance have been given in excel and formula has been applied to carry out thesame. The descriptive measure table can be given as:Descriptive Statistics/ Types of BusinessPizzaBaker/ DonutsShoe StoresGift ShopsPet StoresMean8392.0909090972.38751.625Median80877097.549Mode3576.8181818265.410030Range1051209011590Variance1165.166671512.690909983.78888891289.111111733.05Standard Deviation34.134537738.8933273131.3654091135.904193527.07489612Minimum3540353520Maximum140160125150110Question 2The relative distribution with frequency for each five type of business can be highlighted using afrequency table as well as histograms based on class intervals as mentioned is given as:TypesofBusinessRelative FrequencyHistograms
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