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Busines Statistic Assignment 1

In: Business and Management

Submitted By 3shiro
Words 389
Pages 2
1 Qualitative | Level of Measurement | Quantitative | Level of Measurement | Make of Vehicle | Nominal | Price of Vehicle | Ratio | Year of Vehicle | Ordinal | Age of Buyer | Ratio |

2A Price of Vehicle 1. Around what price interval do the vehicles tend to cluster? * Between 20000 to under 30000. 2. How many vehicles listed for less than $25,000? * 57 Vehicles. 3. What percent of the vehicles listed for more than $30,000? * 23.8%. 4. What percent of the vehicles listed for less than $35,000? * 5%.
2B Price of Vehicle 1. Highest Outlier * 43,733.63 2. Median * 21,247.50 3. First Quartile * 15,251.75 4. Third Quartile * 26,644.50 5. Minimum Value * 5217

2C Price of Vehicle 1. The Mean * 20,329.15 2. The Coefficient of Variation * 36.07% 3. The coefficient of skewness. Is the distribution positively or negatively skewed? * -0.39 it’s negatively skewed. 3A Age of buyer 1. Around what age interval do the buyers tend to cluster? * Between 34 to Under 41. 2. Sixty-five percent of the buyers are less than what age? * 41 Years. 3. How many buyers are less than 41? * 52 Buyers. 4. What percent of buyers are more than 48? * 80%. 3B Age of Buyer 1. How many of the buyers are in their 20s? * 12 Buyers. 2. How many of the buyers are in their 40s? * 18 Buyers. 3C Age of Buyer 1. The Mean * 38.84 2. The coefficient of variation. Is there more dispersion in price of vehicles or in the ages of buyers? * 23.59% There is more in Price of Vehicle 3. The coefficient of skewness. Is the distribution positively or negatively skewed? * 0.49 It’s positively skewed.

For Roxanne to start selling vehicles in thunder bay area, she should Focus on selling Hyundai vehicles as a car maker, because it has the highest frequency of selling which sold 20 vehicles in 2014 and it’s percentage is 25% of all the vehicles they sold in 2014, and she should avoid selling much of Chevrolet vehicles because they are the least demanded vehicles which they sold only 6 vehicles during 2014 and that’s 7.5%. Also, the typical price range should be around $15000 to $26000, the age range of most of the buyers for 2014 was between 30 to 39 years.

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