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Statistics HI6007 Group - Assignment

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Added on  2021-05-31

Statistics HI6007 Group - Assignment

   Added on 2021-05-31

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STATISTICSHI6007 GROUP ASSIGNMENTStudent Name[Pick the date]
Statistics HI6007 Group - Assignment_1
Question 1 Part (A)Frequency table with a class width of $50Part (B)Histogram to represent percentage frequency 1
Statistics HI6007 Group - Assignment_2
Key Observation: There is a long rightward tail present. For a symmetric graph, the left and righttails are equal in size. Inference: The graph is asymmetric in shape and underlying variable does not follow normaldistribution. Part (C) The above discussion clearly highlights the asymmetric shape and hints at possible presence ofoutliers on the positive end. This indicates that unsuitability of mean as a central tendencymeasure in this scenario since owing to these abnormally high values, the mean may be higherthan true average. Thus, under the given scenario, it makes sense to deploy median as the centraltendency measure. This is justified since median does not get distorted by presence by extremevalues (Hillier, 2016, pp. 452).Question 2 Part (A) The objective is to find whether the two variables demand and unit prices are associated or not. Relevant Hypotheses 2
Statistics HI6007 Group - Assignment_3

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