University Name: BCO127 Applied Management Statistics Assignment

This assignment, completed for the BCO127 Applied Management Statistics course, analyzes the ratio of omega-3 to omega-6 fatty acids in various food oils. The assignment includes an analysis of the data, including the identification of skewed distributions and the implications of omega ratios for health. It also explores the use of histograms for data visualization and compares the distribution of data over different time periods. The assignment further delves into the interpretation of statistical measures such as quartiles to understand the central tendency and distribution of data related to age groups. The solution provided offers a comprehensive understanding of statistical concepts and their application in a business context, including the use of statistical methods to analyze and interpret data related to food oils and health.

Running head: Applied Management Statistics
Applied Management Statistics
Name of the Student
Name of the University

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Applied Management Statistics
Table of Contents
Q1...............................................................................................................................................3
Q2...............................................................................................................................................4
References:.................................................................................................................................5

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Applied Management Statistics
Q1.
a)
0 1 2 3 4 5 6 More
0
5
10
15
20
25
Histogram
bins
Frequency
b)
The distribution is skewed and has a left tailed distribution.
7 out of the 32 food oils have ratio values greater than 1 and so have more omega 3 than
omega 6.
As healthy diets should have more omega 3 than omega 6 this suggests the potential harmful
effect of sustained use of these food oils.
c)
Fish oils (such as sardines, cod, salmon etc.) have a higher omega 3 than omega 6 (all ratios
higher than 1) and therefore support the idea that eating fish is healthy.

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Applied Management Statistics
Q2.
a) Comparing over years, histogram is preferable over counts, because visual
information gained from histogram, is less clumsier than comparing from counts.
b) There were a total of 15, 50, 274 children born.
c)
10-14
years 15-19
years 20-24
years 25-29
years 30-34
years 35-39
years 40-44
years 45-49
years
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
Histogram of age of first child birth
Axis Title
Axis Title
The histogram shows that the distribution is skewed with a right tail.
d)
The median class lies in the year range of 25 – 29 years.
The first quartile lies in the year range of 20 -24 years.
The third quartile lies in the year range of 30 – 34 years

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Applied Management Statistics
References:
Berenson, M., Levine, D., Szabat, K.A. and Krehbiel, T.C., 2014. Basic business statistics:
Concepts and applications. Pearson higher education AU.
Groebner, D.F., Shannon, P.W., Fry, P.C. and Smith, K.D., 2016. Business statistics. Pearson
Education UK.