Descriptive Statistics Kelly Calle QNT/561 February 15‚ 2015 John Carroll Descriptive Statistics and Interpretation Descriptive statistics is the term given to the analysis of data that helps describe‚ show‚ or summarize data in a meaningful way. Descriptive statistics does not allow conclusions beyond the data analyzed or reach conclusions regarding any hypotheses made. It is only a way to describe the data gathered. Descriptive statistics allows data to be presented in a more meaningful way
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Lz=0.8429 Therefore‚ the expected lost sales = 10‚000 * 0.8429 = 8‚429 Expected sales = 15‚000 – 8‚429 = 6‚571 jerseys Expected leftover = 8000 – 6‚571 = 1429 jerseys Therefore‚ Nike has to sell 1‚429 on discount 5. Cu = 16-11 = $5 Co = 9-7 = $2 Critical ratio = 5/(5+2) = 0.7143 μ = 40‚000 σ = 10‚000 Using normal distribution (=norminv(0.7143‚40000‚10000))‚ the optimum order quantity is 45660 jerseys in the first order to maximize profit. 6. Cu = 0.02-0.01 = $0.01 Co = 0.01-0
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Week 5 Problems Applied Business and Research Statistics 561 1. SupplyCo. is a supplier to a number of firms in an industry. By carefully mining its customer data warehouse‚ SupplyCo. reveals a plausible new model for manufacturing and distributing industry products that would increase the overall efficiency of the industry system‚ reduce costs of production (leading to greater industry profits and more sales for SupplyCo.)‚ and result in greater sales and profits for some of the industry’s
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This paperwork of QNT 351 Week 2 Discussion Question 3 includes: Select an article from a news magazine or research journal where data is displayed in a graph. Describe the data displayed in the graph and what conclusion you could draw. Be sure to include a reference to the article that you used. Deadline: ( )‚ Business - General Business I need tutorials from week 1-5 with all assignments!!! Please help me Limit the distractions in your workspace. This does not mean that
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Week 5 Block 2 – Reading 5 Looking Inside For Competitive Advantage Jay Barney 1 Introduction • Focus has been placed on the relationship between the firm’s environmental opportunities and threats‚ and the firm’s strengths and weaknesses (SWOT analysis ). • Michael Porter’s work on the ‘five forces model’ helps understand the importance of external threats and opportunities. • Barney emphasizes the competitive implications of the firm’s internal strengths and weaknesses. To Barney the SW should
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document of This pack of QNT 351 Week 4 Discussion Question 2 comprises: contains: Why does the significance level differ among industries? Will the null hypothesis be more likely to be rejected at ? = 0.01 than ? = 0.10? As the significance level increases to ? = 0.10 from ? = 0.01‚ which type error is more likely to occur? What can be done to reduce the likelihood of incurring this error? Deadline: ( )‚ Business - General Business I need tutorials from week 1-5 with all assignments
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This archive file includes ECO 561 Week 4 Reflection Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with‚ any topics you struggled with‚ and how the weekly topics relate to application in your field. Prepare a 1- to 3-page paper detailing the findings of your discussion? General Questions - General General Questions ECO 561 Week 4 Learning Team Reflection College is not always an easy experience. There
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This pack of QNT 351 Week 2 Discussion Question 1 includes: What are the various methods one can use to identify the shape of data distribution collected for research study? Why it is important to know the shape of distribution? How it can be used in decision making? Provide examples other than those already posted in class. Deadline: ( )‚ Business - General Business I need tutorials from week 1-5 with all assignments!!! Please help me Listening isn’t enough; you must also
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This document of QNT 351 Week 2 Discussion Question 2 contains: Can mean‚ median‚ or mode be calculated from all statistical data? Explain why or why not. When is the mean the best measure of central tendency? When is the median the best measure of central tendency? Deadline: ( )‚ Business - General Business I need tutorials from week 1-5 with all assignments!!! Please help me Listen to your parents if they have input as to what major you should decide on. They are older and
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9.2) A company is using a carrier to deliver goods to a major customer. The annual demand is $2‚500‚000‚ and the average transit time is 10 days. Another carrier promises to deliver in 7 days. What is the reduction in transit inventory? I = tA=(10 – 7 ) 2‚500‚000=$7‚500‚000=$20‚547.90 365365 365 9.4) A florist carries an average inventory of $12‚000 in cut flowers. The flowers require special storage and are highly perishable. The florist’s estimates capital costs at 10%‚ storage
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