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HI6007 Group Assignment  

Pages : 8 | Type : Essay

Answer: Many Holmes Institute instructors believe that students need to spend at least 2 hours studying outside of class for every hour of lecture. They believe that the number of hours students study to prepare for the exam affect students’ marks significantly. As opposed, few of the lecturers believe that the number of preparation hours do not essentially affect students’ marks while some other factors are to be considered. To stud...

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Written By : Mark     Posted On : May 06, 2020     Download : 0

HI6007 Statistics For Business Decision Making  

Pages : 4 | Type : Essay

Answers: 1.Given the dataset of a sample of 50 recent furniture orders. a.The dataset is being divided into 8 groups of length 50 each and frequency of each of the group is being calculated here along with relative frequency and percentage frequency. Required frequency table is: Table 1: Frequency distribution of orders. b.A histogram on percentage frequency distribution is given below: Figure 1: Histogram on percentage frequency. The...

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Written By : Mark     Posted On : Sep 01, 2020     Download : 0

More Courses from Holmes Institute

HI6007 Statistics And Research Methods For Business Decision Making  

Pages : 5 | Type : Essay

Answers :- 1. a. Frequency, relative frequency, percentage frequency with class limit points and mid points are evaluated and represented in the frequency table below (Black, 2009)  Table 1: Frequency Distribution table L.L U.L MID.POINT CUM.FREQ FREQ REL.FREQ CUM.REL.FREQ PERCNT.REL.FREQ $120.00 $170.00  $145.00 8 8 0.16 0.16 16% $170.00 $220.00  $      195.00 23 15 ...

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Written By : Mark     Posted On : Oct 05, 2020     Download : 0

HI6007 Statistics For Business Decisions  

Pages : 3 | Type : Essay

Answers: 1. 1.The frequency distribution table for the values of the furniture orders (in $) along with the frequency, relative frequency and percent frequency are given in the following table: Furniture Order ($) Frequency Relative Frequency Percent Frequency 100 - 150 3 0.06 6% 150 - 200 15 0.3 30% 200 - 250 14 0.28 28% 250 - 300 6 ...

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Written By : Mark     Posted On : Oct 22, 2020     Download : 0

HI6007 Statistics For Business Decisions  

Pages : 3 | Type : Essay

Answers: 1.a. The required frequency distribution, relative frequency distribution, and percent frequency distribution is calculated in Excel, the calculated values is, Class Frequency distribution Relative frequency distribution Percent frequency distribution 120 0 0 0.00% 170 8 0.16 16.00% 220 15 0.3 30.00% 270 12 0.24 24.00%...

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Written By : Mark     Posted On : Oct 23, 2020     Download : 0

HI6007 Statistics For Business Decisions  

Pages : 3 | Type : Essay

Answers: 1.a.The frequency distribution table of the furniture order values containing the frequencies, relative frequency and the percentage frequency are given in the following table.   Furniture Order ($) Frequency Relative Frequency Percent Frequency 100 - 150 3 0.06 6% 150 - 200 15 0.3 30% 200 - 250 14 0.28 28% 250 - 300 6 ...

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Written By : Mark     Posted On : Nov 09, 2020     Download : 0

HI6007 Group Assignment  

Pages : 3 | Type : Essay

Answer: Question 1: Prepare a frequency distribution, relative frequency distribution, and percent frequency distribution for the data set using a class width of $50. Solution Class Frequency Relative frequency Percent frequency 120-169 8 0.16 16 170-219 15 0.3 30 220-269 12 0.24 24 270-319 4 0.08 8 320-369 ...

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Written By : Mark     Posted On : Nov 17, 2020     Download : 0

HI6007 Statistics For Business Decisions  

Pages : 2 | Type : Essay

Answers: 1. a. Frequency table b. Histogram The histogram above clearly refers to the presence of positive skew due to which the shape of the graph is asymmetric. This can be inferred from a right side tail which is present. Hence, it ca also be concluded that the above distribution cannot be termed as normal distribution. Mean as an indicator of central tendency is used when the shape of the graph is symmetric which implies that out...

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Written By : Mark     Posted On : Nov 23, 2020     Download : 0

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