Question? Call Us  +1 (817) 546-4770

ISSCM241 Business Statistics

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

ISSCM241 Business Statistics

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

ISSCM241 Business Statistics

0 Download2 Pages / 274 Words

Course Code: ISSCM241
University: Loyola University Chicago

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United States

Question:
Search for information on small SUVs and calculate the mean, median, mode, variance and standard deviation for each data set. Is one measure of center more appropriate than the other for these data? Do the measures of center appear similar? What does this say about the symmetry of the distribution? How does your car compare? Should you market the small SUV based off of the findings to be a wise choice for commuters?

Answer:
Using small SUVs sales data retrieved from the Cars.com website, the data for small SUVs has been isolated for the rest of the vehicles. The data was then subjected to statistics assessment in Microsoft Excel to get the measures of central tendency and dispersion. The data was evaluated with regard to mean, median, mode, variance, and Standard deviation. From the results table below it is clear that mean and median are similar (Holcomb, 2016). It is important to note that the fact that median is equivalent to mean indicates that the data is symmetrical and is not skewed to either the left or the right. Since, the distribution is symmetrical mean or median can be used interchangeably as accurate and appropriate measure of central tendency.The mode is however different from the median and mean thus the data is not unimodal. The variance and standard deviation are not large indicated that the data points are not sparsely apart. For instance, the deviation of most point from the mean is set at 7 points (Ross, 2010).  Yes, the seller should market the SUV as a good investment and option to commuters because it provides an acceptable level of performance of 22 provided that the best level is 30 and the worst is 18 according to American standards of gas mileage per gallon.

Small SUVs

Brand of SUV

gas mileage per gallon

Best:

Buick Encore

30

Best:

Honda CR-V

30

Worst:

Jeep Wrangler

18

Worst:

Jeep Wrangler Unlimited

18

 

Mean

24

 

Median

24

 

Mode

30

 

Variance

48

 

Standard Deviation

7

References
Holcomb, Z. C. (2016). Fundamentals of Descriptive Statistics. Milton Park: Taylor & Francis.
Ross, S. M. (2010). Introductory Statistics. Cambridge: Academic Press.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 2 pages

PAY 1 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Business Statistics. Retrieved from https://myassignmenthelp.com/free-samples/isscm241-business-statistics/central-tendency.html.

“Business Statistics.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/isscm241-business-statistics/central-tendency.html.

My Assignment Help (2021) Business Statistics [Online]. Available from: https://myassignmenthelp.com/free-samples/isscm241-business-statistics/central-tendency.html[Accessed 18 December 2021].

My Assignment Help. ‘Business Statistics’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Business Statistics [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/isscm241-business-statistics/central-tendency.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Looking for the best essay writing service in the UK? Look no further as there cannot be more reliable essay writing service than MyAssignmenthelp.com. We take great pride in boasting the fact that we have some of the best essay writers who produces unique solution to each student. Are you having a problem coming up with attractive and eye-catchy introductions? Ask our expert writers to “write my essay for me”, and they will do their magic that bags you the highest score. Writing a paper of any essay will never be easier than this.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

PROJ6016 Employer Based Project

Free Samples PROJ6016 Employer Based Project .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PROJ6016 Employer

Read More »

PPMP20009 Marking Rubric

Free Samples PPMP20009 Marking Rubric .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PPMP20009 Marking Rubric

Read More »