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HA1011 Applied Quantitative Methods

tag 0 Download 6 Pages / 1,329 Words tag 30-12-2020
  • Course Code: HA1011
  • University: Holmes Institute
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  • Country: Australia
Questions:
 
1. Calculate the standard deviation of the number of flights at the airport. Show your workings. (Hint – remember to use the correct formula based upon your answer in (a).)

2. Calculate the Inter Quartile Range (IQR) of the number of baggage’s sold. When is the IQR more useful than the standard deviation? (Give an example based upon number of number of baggage’s sold.)

3. Calculate the correlation coefficient. Using the problem, we started with, interpret the correlation coefficient. (Hint – you are the showroom manager. What does the correlation coefficient tell you? What would you do based upon this information?)
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