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Statistics Group Assignment

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Added on  2021-06-15

Statistics Group Assignment

   Added on 2021-06-15

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STATISTICSGROUP ASSIGNMENTStudent Name[Pick the date]
Statistics Group Assignment_1
Question 1 (a)Frequency distribution table (Relative frequency, percentage relative frequency with class width of $50)(b) Histogram 1
Statistics Group Assignment_2
It is apparent that right tail length is significantly greater than left tail length which is indicativeof the graph being asymmetric. Also, it is possible that some values on the high side may beunusually high and hence termed as outliers (Hair et. al., 2015)(c) The possibility of presence of outliers is confirmed from the above discussion. In such ascenario, deploying mean as the appropriate central tendency measure would not be advisable.This is because the mean has the tendency to get skewed owing to outliers on either side. Hence,more appropriate measure of central tendency would be provided by median whose computationis independent of the values of the extreme data (Eriksson and Kovalainen, 2015).Question 2 (a)Hypotheses Demand and unit price are correlated or not. ANOVAKey aspects The test stat (t value) for x (slope coefficient: Unit price) = -8.6172
Statistics Group Assignment_3

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