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The Standard Deviation and Mean on the Basis of Hourly Paying Rates of Health Professionals in South East England

   

Added on  2020-06-05

16 Pages2805 Words152 Views
STATISTICS FORMANAGEMENT

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1(a) 1 Measuring the Net Annual income for private and public sector and relevant changes1(a) 2 Differences as well as gap between earning capacity of male and female annual revenue2TASK 2............................................................................................................................................4(A) Analysing the Hour basis Paying rates of Health professionals in South East................41 Estimating the Hourly basis Median with Ogive chart.......................................................42 Measuring the Standard deviation and Mean on the basis of Hourly Earnings..................5(B) Analysing the North East Health professionals as compared to South East....................71. Analysing the Scatter Diagram as well as Discussion between Average turnover and Floorarea.........................................................................................................................................72. Interpretation of Equation of Line of best fit......................................................................83. Measuring the turnover on the basis of equation................................................................84. Measurement of regression and the correlation coefficient...............................................95. Analysing the Statistical Validity as well as factors affecting Average weekly turnover..9TASK 3..........................................................................................................................................10(B) Measuring the supply of olive oil bottles.......................................................................101. Calculating the numbers of delivery made in each year...................................................102. Analysing the numbers of selling for olive oil in each Supply........................................103. Evaluating the calculations for EOQ with the help of statistical measurement...............104. Recommendation based on the Variable cost model and EOQ measurement.................10TASK 4..........................................................................................................................................111. Findings based on the data set in the task 2......................................................................112 Demonstrating the diagram on the basis of task 1.............................................................123 Presenting the diagram on the basis of data used in Task 2 in table 2..............................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14

INTRODUCTIONStatistics management is the technique where the entity can be able analyse the financialposition of the organisation on behalf of various data set. In the present there will be calculationsbased on collecting the data, measuring the statistics of that as well as interpreting such analysis.Hence, there will be comparison over the performance of the individual and the companies as pertheir operating years. Thus, these research will be helpful for the firm in as well as for theprofessionals in making the favourable solutions and effective planning for future tasks.However, there will be calculation of regression, correlation, standard deviation, mean andmedian which will facilitate the favourable results or outcomes. Thus, there will be calculationbased on the EOQ measurements which will be beneficial for the professionals to analyse thecost incurred per order.TASK 1(a) 1 Measuring the Net Annual income for private and public sector and relevant changesInterpretation: The above listed table consists of various changes in the respective yearsas well as earning capacity of the private and public industries. Hence, on the basis of 2009 theincome generated by Public firms are 55862 as well as in private it is 46913 it describes thatthere has been huge changes in the revenue gathering for both the sectors. Thus, as per the rest ofthe years the public industries are having the consistent growth in all the years. However, theprivate sector do not have the favourable growth in all such years as compared with the publicsector (Schmerler and et.al., 2016).1

(a) 2 Differences as well as gap between earning capacity of male and female annual revenueInterpretation: The table denotes as well as facilitate that, the gap between earningcapacity of Male employees and female employees. Hence, in the public sector the earningcapacity of male workers in 2009 is 30638 and in private it is 27362 there is variation of 58000which indicates that, the public sector industries are highly capable in giving the high ratedrevenue to its workforce. Thus, as compare the same year for Female employees the changesbetween the public and private sector is 44775 as well as the comparison or gap between bothkinds of workers is 13225. Hence, in the rest of the years the difference between Male andfemale employees did not make any great changes. In 2016 the gap between their earning2

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