logo

Strategic Information System | Statistics Usage Assignment

   

Added on  2020-04-01

11 Pages1469 Words55 Views
Strategic Information SystemStudent’s NameThe Name of the CourseInstructor’s NameDate
Strategic Information System | Statistics Usage Assignment_1
Task 1Question 1a. Mean =∑xin= 1079/13=83 the mean cost for pizza business startup is 83. b. Mean cost for baker business startup is 1013 / 11 = 92.0909c. the mean startup cost for shoe stores is 723 / 10 = 72.3d. the mean startup cost for gift shop is 870 / 10 = 87e. the mean startup cost for pet stores is 826 / 16 = 51.625According to Jackie (2006), variance is the deviation of variable values from their mean, whilestandard deviation is the deviation from the mean. Range is the difference between the highestobservation and the lowest observation. On the other hand, mode is the observation that occursmostly in a distribution of variables.Variance =( Xi− ́xn−1¿ standard deviation = √(Xi− ́xn−1¿VariableNRangeMinimumMaximumSumMeanStd. DeviationVarianceModeX1131053514010798334.1351165.16735X21112040160101392.0938.8931512.691N/AX310903512572372.331.365983.789N/AX410115351508708735.9041289.111100X516902011082651.6327.075733.0530Question 2
Strategic Information System | Statistics Usage Assignment_2
Table 1: Descriptive statistics for the variablesThe above table shows the summary descriptive statistics where X1 the cost for pizza businessstartup, X2 represents the cost for baker business startup, X3 the cost for shoe business startup,X4 the cost for the gift shop business startup and finally X5 the cost for pet store businessstartup. As seen from the table, the summary represents the respective descriptive statistics forthe range, minimum, maximum, sum, mean, standard deviation, variance and the mode for X1,X2, X3, X4, and X5.Frequency DistributionsFrequency distribution for the pizza cost business startupTable 2: frequency distribution for the pizza business startup.Classfrequency0-30231-60161-90591-1203121-1502Figure 1: Histogram of the frequency distribution for the pizza business startup
Strategic Information System | Statistics Usage Assignment_3
0-3031-6061-9091-120121-1500123456histogram for the pizza business startupclassfrequencyThe histogram above for the distribution of the pizza business startup cost shows that the capitalranges mostly between $ 61,000 and $90,000. The capital is normally distributed.Table 3: Frequency distribution for baker business startup costclassfrequency0-30031-60361-90491-1202121-1501151-1801Figure 2: Histogram for bakery/donuts business startup cost
Strategic Information System | Statistics Usage Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Descriptive Statistics Name of the University Author
|11
|1247
|493

HI6007 Statistics for Business Decisions -Assignment
|13
|1702
|31

HI6007 Statistics and Research Methods for Business
|10
|1180
|65

(Solution) Statistics Assignment
|9
|1228
|303

Assignment on Statistics Of Costing Using MS Excel
|5
|1956
|202

Statistics for Business Decision Assignment Sample
|15
|2576
|164