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BUS201 Foundations Of Business Success

tag 0 Download4 Pages / 980 Words
  • Course Code: BUS201
  • University: Kaplan University

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

  • Country: United States

Questions:

Question 1.

Descriptive analysis

  1. Prepare appropriate summary statistics on each variable and comment on each of these.
  2. Use Excel to draw up the histograms of number of rooms cleaned for each company. Comment on the shape of the histograms and compare between the two companies.
  3. Use a PivotTable to summarise the performance of the number of crews by looking at the sum of rooms cleaned by each crew size for each company. Compare the two companies by using the output of the pivot table.

Question 2.

Create a new variable for each company, viz., the ratio of The number of Offices cleaned

Number of crews

Call these variables OCA and OCB

Your client wants to know which company has the lower mean OC (why does he want this statistic?). Other information suggests that company B might have the higher mean. Test this hypothesis at 5% level of significance. Set out your analysis for this fully. What can be recommended to your client?

Question 3.

For the company chosen in 2, your boss wants you to fit a simple linear regression model to the

data. Incorporate appropriate output in your report.

y = Number of Rooms cleaned

x = Number of Crews

  1. Justify the choice of explanatory and dependent variables.
  2. Estimate the regression equation between these variables.
  3. State and interpret the slope coefficient ii.

State and interpret the R2 value from this.

Iii Give a final summary of your findings from this regression.

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