Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
University of
Management &
technology
Waiza Waheed
Saad Saleem
Farah Zaidi
In statistical techniques in business and economics we study how to describe , display and
explore data using different measure of central tendency and measure of dispersions, and also
we see how to represent data in graphs. In this assignment we solve three case studies by using
these measures.
x1
x2
x3
x4
x5
x6
1756
748
1501
1831
1622
1886
740
1593
1169
2125
1554
1474
1913
1218
1006
2215
137
167
343
2557
2276
1494
2144
1995
1053
1526
13
9
10
10
14
17
6
10
6
18
12
12
6
10
12
20
7
5
7
20
15
11
17
10
8
8
4
2
1
4
6
3
3
8
4
6
6
7
5
3
4
3
2
4
2
7
4
2
3
7
4
4
0
1
0
0
0
0
0
1
0
0
1
1
0
1
0
1
0
0
0
1
1
0
0
0
1
0
1
0
0
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
1
2
1
1
3
4
1
3
1
4
2
3
1
1
1
1
4
3
4
1
4
3
1
3
2
3
2
1120
1838
1746
1616
1958
634
580
1320
1675
789
1735
1784
1326
2051
1044
1885
1790
765
1645
32
1266
890
2204
2409
1338
2076
1708
2138
2375
1455
1487
1125
1989
2156
Total
8
7
11
10
6
2
4
4
6
8
12
11
16
14
7
10
11
4
6
2
11
7
14
16
14
12
13
18
12
9
8
6
12
14
618
6
5
2
4
2
7
1
5
7
4
7
5
8
4
5
6
4
3
9
0
7
1
5
8
4
5
3
5
4
5
4
4
3
5
265
1
1
0
1
1
1
0
1
1
0
0
0
0
1
1
1
0
0
0
0
0
0
0
0
1
1
1
0
0
1
1
1
0
1
26
0
1
0
1
0
0
0
0
0
0
1
0
0
0
0
1
1
0
1
0
0
1
0
0
0
0
0
1
0
1
0
0
1
0
16
3
3
2
2
2
4
1
1
2
4
3
1
3
4
1
2
3
4
4
3
4
1
2
2
2
2
1
4
2
3
4
2
2
2
144
REQUIREMENT:
1) Develop a graph or table that portrays the checking balances. What is the balance
of a typical customer? Do many customers have more than $2000 in their
accounts? Does it appear that there is a difference in the distribution of the
accounts among the four branches? Around what value do the account balances
tend to cluster?
2) Mean & Median of four branches compare the mean & the median of the four
branches. Is there a difference among the branches? Explain the difference
between the mean and the median in your report.
3) Range and standard deviation of the checking account balances. First and third
Quartile (Q1 & Q3).Determine the coefficient of skewness and indicate what it
shows.
X3
X4
X5
Mean
10.3
4.416666667
0.433333333
0.266666667
Median
10
(C).
I.
RANGE
S.D
X2
18
X3
9
X4
1
X5
1
X6
3
4.295444966
1.976914791
0.499717434
0.445948491
1.107753873
I.
Quartiles:
Q1=n+1(25/100)
=60+1(25/100)
=15.25
Q3=n+1(75/100)
=60+1(75/100)
=45.75
Q1
Q3
II.
X2
15.25
45.75
X3
15.25
45.75
X4
15.25
45.75
X5
15.25
45.75
X6
15.25
45.75
X4
2.603
X5
1.75038
X6
1.083
Coefficient of Skewness.
SK=3(X-bar-Median)/s.d
Sk
X2
0.209
X3
0.252
Yearly
Salary
less than
30
30-40
40-50
50-60
60-70
70-80
80 or more
Total
Women
(F)
2
Men
(F)
0
Mid
Point
25
FM of
Women
50
3
17
17
8
3
0
50
1
4
24
21
7
3
60
35
45
55
65
75
85
105
765
935
520
225
0
2600
FM of
Men
25
35
180
1320
1365
16875
0
19800
C.F
(women)
2
C.F
(Men)
0
5
22
39
47
50
50
1
5
29
50
57
60
Line Chart
30
Frequency
25
24
21
20
17
15
17
Women
10
5
0
3
1
2
0
less then 30-40
30
4
40-50
Men
3
50-60
60-70
70-80
3
0
80 or
more
Yearly Salary
Bar Chart
30
24
Frequency
25
21
20
17
17
15
Women
10
2
3
0
Men
3
0
0
less then 30-40
30
40-50
50-60
60-70
Yearly Salary
70-80
80 or
more
Histogram
Frequency
20
15
10
17
17
8
2
Women
Less 30 up
than 30 to 40
40 up
to 50
50 up
to 60
60 up
to 70
70 up
to 80
80 or
more
Yearly Salary
Histogram
30
Frequency
25
20
15
24
10
5
0
21
7
Men
3
Less 30 up to 40 up to 50 up to 60 up to 70 up to 80 or
than 30
40
50
60
70
80
more
Yearly Salary
d) Quartiles:
Q1=n+1(25/100)
=7+1(25/100)
Q1=2 Answer
Q2=n+1(50/100)
=7+1(50/100)
Q2=4 Answer
Q3=n+1(75/100)
=7+1(75/100)
Q3=6 Answer
on Athletic Department.
First arranged the data
No. of Sales
representative
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
X
Commissions
Earned
4
7
13
39
69
87
149
159
175
249
252
278
299
354
357
392
416
427
434
526
527
557
579
(xxbar)^2
669573.98
664673.33
654926.03
613519.73
567423.23
540629.33
453299.23
439933.73
418964.93
328644.23
325213.58
296235.28
273816.73
219281.48
216480.83
185136.58
165059.38
156242.33
150757.48
87778.876
87187.326
70370.826
59182.726
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
Total
615
635
680
883
1105
1106
1168
1187
1602
1604
1676
1683
1738
2197
2321
3140
3202
32891
42962.926
35071.926
20242.176
3687.5256
79933.426
80499.876
119525.78
133024.33
607971.08
611093.98
728846.38
740847.53
838552.28
1889868.8
2246176.6
5371849.2
5663091.1
26857576
Central Tendency:
As we know that the measures of central tendency are mean , median and
mode.
So,
Mean=x/n
=32891/40
Mean= 822.275
And
Median=526.5
And
Variance=(x-Xbar)2 /n+1
=26857576/40-1
Variance=688655.8
Quartiles:
Q1 =n+1(25/100
=40+1(25/100)
Q1=10.25
Q2=n+1(50/100)
=40+1(50/100)
Q2=20.5
Q3=n+1(75/100)
=40+1(75/100)
Q3=30.75
Percentile:
L p=n+1(P/100)
=40+1(40/100)
L p =16.4
Deciles:
D1=n+1(10/100)
=40+1(10/100)
D1=4.1
D2=n+1(30/100)
=40+1(30/100)
D2=12.3
D3=n+1(90/100)
=40+1(90/100)
D3=36.9
No. of sale
representative
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Total
(x-Xbar)^2
12
681
719
754
758
807
850
870
886
886
899
918
934
944
1066
1083
1116
1206
1213
1244
1255
1262
1291
1294
1313
1315
1338
1448
1556
1858
31776
1096627.84
143035.24
115736.04
93147.04
90721.44
63604.84
43764.64
35796.64
29998.24
29998.24
25664.04
19937.44
15675.04
13271.04
46.24
566.44
3226.24
21550.24
23654.44
34151.04
38337.64
41127.84
53731.24
55131.04
64414.44
65433.64
77729.44
151165.44
246810.24
638081.44
3332134.8
Central Tendency:
Mean=x/n
=31776/30
Mean=1059.2
Range= 1846
Variance=(x-Xbar)2 /n+1
= 3332134.8/30-1
variance=114901.2