Numerical and Statistical Tools for Business Decision Making

Written test & reports

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Question 1....................................................................................................................................1
Tally and computation of frequency table...................................................................................1
Question 2....................................................................................................................................1
Computation of mean, median, mode, Range, Variance and standard deviation........................1
Question 3....................................................................................................................................3
Network diagram.........................................................................................................................3
Question 4....................................................................................................................................4
Computation of payback period...................................................................................................4
Question 5....................................................................................................................................4
Discuss two Non-Discounted cash flow methods for investment appraisal................................4
Question 6....................................................................................................................................5
Discuss two discounted cash flow methods for investment appraisal.........................................5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business decision making is considered as one of the essential aspects into their success.
Moreover, within business the decision making is undertaken as the procedures of developing
choices through determining decision accumulating information as well as evaluating
alternatives solutions (Baur, Hong and Lee, 2020). Within respective report, frequency table,
mean, median, mode, range, variances and standard deviation are computed. Moreover, payback
period are also calculated. Apart from this, Non-Discounted and discounted cash flow methods
for investment appraisal also discussed in this report.
MAIN BODY
Question 1
Tally and computation of frequency table.
Number Tally Frequency
2 II 2
3 I 1
4 IIII 4
5 IIII 4
6 IIII 4
7 II 2
Question 2
Computation of mean, median, mode, Range, Variance and standard deviation.
MEAN
7
11
11
15
20
20
1