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Statistics: Mean, Nominal and Ordinal Data, Moving Average, Forecasting

Introduction to the module, assessments overview, marketing principles, and aims of the module.

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Added on  2023-06-03

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This article discusses the concepts of mean, nominal and ordinal data, moving average, and forecasting in statistics. It also provides answers to various questions related to these concepts.

Statistics: Mean, Nominal and Ordinal Data, Moving Average, Forecasting

Introduction to the module, assessments overview, marketing principles, and aims of the module.

   Added on 2023-06-03

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Running head: STATISTICS
STATISTICS
Name of the Student
Name of the University
Author Note
Statistics: Mean, Nominal and Ordinal Data, Moving Average, Forecasting_1
1STATISTICS
Table of Contents
Part 2................................................................................................................................................2
Answer to Question 1..................................................................................................................2
Answer to Question 2..................................................................................................................3
Answer to Question 3..................................................................................................................3
Part 3................................................................................................................................................4
Answer to Question 1..................................................................................................................4
Answer to Question 2..................................................................................................................5
Answer to Question 3..................................................................................................................6
Answer to Part 4..........................................................................................................................6
Answer to Question 5..................................................................................................................7
Bibliography....................................................................................................................................8
Statistics: Mean, Nominal and Ordinal Data, Moving Average, Forecasting_2
2STATISTICS
Part 2
Answer to Question 1
The mean of a grouped data is different from ungrouped because in the ungrouped data,
the mean is often exact whereas in ungrouped data, the mean is generally an average of the
specific range which is given.
Ungrouped data
1, 2, 4,5,6,7
Mean=25/6
Mean=4
Grouped data
Groups Frequency Class mark fX
1-3 2 2 4
4-6 3 5 15
7-9 1 8 8
Total 6 27
Mean: 4.3
Statistics: Mean, Nominal and Ordinal Data, Moving Average, Forecasting_3

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