Premium Essay

Statistic for Business and Finance

In: Business and Management

Submitted By jennylatrobe
Words 869
Pages 4
School of Business Report on
“The Weekly Income, Weekly Expenditure on Food and Family Size of a sample household”

Submitted to:
Ahmad Idrees
Tutor on FIN5SBF
Submitted by:
Bui Thi Bich Hien
17809616
Word count: 591 words

Melbourne, August 25th, 2014
The Weekly Income, Weekly Expenditure on Food and Family Size of a sample household
A sample of 45 households which was selected randomly from a population of 500 households, showed 5 variables including Weekly Income (WI), Weekly Expenditure on Food (WEF), Highest Level of Education (HLE), Family Size (FS) and Gender of the Head of Household (GHH). This report will provide descriptive statistics and summarize the distribution of WI, WEF and FS. In this report, WI, WEF and FS were grouped equally into 7, 8 and 5 intervals respectively in order to summarize the frequency distribution presented in the Appendix C. In terms of WI, the incomes of the wealthiest and poorest households were $1336 and 195$ per week respectively. In addition, the vast majority of households (71.11 percent) earned from $195 to $358 per week as shown in Table C1. On the other hand, the WI which ranged between $684 and $1010 had only one frequency. At a higher level of income, there were only 4 out of 45 households obtaining from $1010 to $1336 weekly. This distribution of income led to the right skewed and unimodal of WI histogram (Figure C1). Furthermore, Table D1 indicates that the average WI of a household was about $408 and less than half of households attained $296 per week. Subsequently, $256 was the majority amount earned by households a week. The average variation of WI was approximately $281.11 while relative importance variation average WI was nearly 68.94%. The information which was 25% of households had a WI less or equal than about $244.5 and the top 25% was practically $444, was illustrated in Table D1 as well....

Similar Documents

Premium Essay

Bussiness

...Introduction to Statistics QTM403 Basic Information Program | BBA 3 (Hons.) | Semester | Fall 2015 | Credit Hours | 3 | Pre requisites (if any) | Mathematics | Resource Person | Iftikhar Hussain | Contact information | ihgrw85@gmail.com | Course Description: Important decisions are rarely made by intuition alone. We need to use the data to develop our insights and to support our analysis. Quantitative analysis includes the tools and techniques with which we seek to replicate reality mathematically and statistically. Statistical Techniques are applied in all the functions of business like Operations, Marketing, HR, Finance etc. The aim of this course is to learn when a technique is appropriate and what it can achieve. The emphasis throughout the course is on concepts and reasoning rather than technical details. You should acquire some basic data analysis skills but most importantly, become a more informed and critical producer and user of business Statistical analyses. Learning Objectives: Ser. # | Course Learning Objectives | Link with Program Learning Objectives | 1 | To understand the basic concepts and principles used in Business Statistics. | To inculcate business knowledge and analytical skills in graduates to think decisively in order to develop innovative solutions to problems in a business environment. | 2 | Organizing qualitative and quantitative data into a frequency table, displaying the data through......

Words: 1330 - Pages: 6

Premium Essay

Acf 2011 Sem 2

...Accredited Undergraduate Courses AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of New England The University of New South Wales The University of Newcastle The University of Sydney University of Technology, Sydney University of Western Sydney University of Wollongong Williams Business College NORTHERN TERRITORY Charles Darwin University QUEENSLAND Australian Catholic University Bond University Central Queensland University Christian Heritage College Griffith University James Cook University Queensland University of Technology The University of Queensland The University of Southern Queensland University of the Sunshine Coast SOUTH AUSTRALIA Flinders University Kaplan Business School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT University Swinburne University of Technology The University of Ballarat The University of Melbourne Victoria University......

Words: 16200 - Pages: 65

Premium Essay

Functional Areas of Business

...Functional Areas of Business Barbara Butkiewicz MGT/521 June 6, 2014 Rodney Klein Functional Areas of Business Barbara Butkiewicz MGT/521 June 6, 2014 Rodney Klein Abstract Operating a business is a complex task which involves many facets. The MBA Overview Model defines eleven functional areas of business, including management, law, human resource management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. In order to succeed in business, the organization must bring together the functional areas accordingly to achieve organizational goals. A critical role in any business is the manager. The manager plays an important part in utilizing each area to align the organization collectively towards economic prosperity. In this paper, I will examine the role of the manager in each of the functional areas of business. A business organization is a very complex structure. In order to be successful, a business needs to coordinate and organize many areas within the organization to achieve its mission. According to the University of Phoenix’s MBA Overview Model (2014), the functional areas of business include management, law, human resource management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. An essential component to any business that intertwines the functional areas is the manager. The role of the manager...

Words: 1253 - Pages: 6

Premium Essay

Financial Manager

...St.Lawrence College | Financial Manager | An overview of the financial world. | | Pierre-Luc Dion | 2/3/2012 | Presented to Jonathan Forbes | Contents Executive Summary 3 Introduction 4 Design and Definition of Duties 5 Requirements: 6 Education: 6 Advancement and Certification: 7 Qualifications: 7 Earnings: 8 Conclusion: 8 Works Cited 10 Executive Summary In this paper, you will find different links and relations between the human resources course and specifically regarding financial managers. In the following pages, the investigation of this job will be provided; firstly, I will explain what a Financial Manger Is. In this first section, I will investigate what a Financial Manager (FM) does, and what duties and responsibilities have to be done and applied, I will also talk about where FM’s can work and which position they can occupy. The following section will overlook the skills, competencies, education and experience needed to become a prosperous Financial Manager. This section will investigate all the specific criteria required in order to precisely understand what is needed to become a Financial Manager. The third section of this paper, will examine the possibilities of development for a FM’s throughout their career, and also scrutinize, in order to know if there is a possibility of continuing education for a Financial Manager throughout his career. The last section of this term paper will be in relation to the compensation,...

Words: 1786 - Pages: 8

Premium Essay

Finance

...Summer 2012 Undergraduate Program Office C140 PBB (319) 335-1037 http://tippie.uiowa.edu/undergraduate/ Finance 2011-12 This form is a planning tool only. To confirm specific graduation requirements, consult your degree audit on ISIS. I. General Education* (22-32 sh) Rhetoric Interpretation of Literature (req: completion of rhetoric) World Languages** Historical Perspectives International and Global Issues Values, Society, and Diversity Natural Sciences (lab not required) Social Sciences (excluding 6E:1, 6E:2) sh grade 4 3 0-10 3 3 3 3 3 Subtotal (I) ________ IV. Finance Major Requirements (20 sh) Required Major Courses* 6F:110 Financial Information Tech (coreq: 6F:100) (grade: S/F) 6F:111 Investment Management (prereq: 6F:100, coreq: 6F:110) 6F:117 Corporate Finance (prereq: 6F:100, coreq: 6F:110) 6A:120 Financial Acct and Reporting** (prereq: 6A:2) Choose three additional electives from the following: 6F:102 Principles of Risk Mgt & Insurance (coereq: 6F:100) 6F:103 Property and Liability Insurance (prereq: 6F:102); or 6F:104 Corp Fin Risk Mgt (prereq: 6F:102, coreq 6F:110); or 6F:105 Life and Health Insurance (prereq: 6F:102); or 6F:106 Employee Benefit Plans (prereq: 6F:102) 6F:108 Topics in Finance I (SP 09 or later, prereq: 6F:100) 6F:109 Topics in Finance II (prereq: 6F:100) 6F:112 Applied Equity Valuation (prereq: 6F:100) (req: 2.80 UI GPA). See Finance Department for special permission. sh grade 2 3 3 3 3 3 *If you entered UI prior to Summer......

Words: 1234 - Pages: 5

Premium Essay

Nbfi

... Dr. M. Sadiqul Islam Professor Department of Finance University of Dhaka Prepared by Robin Kumar Saha BBA ID: 16-039 BBA 16th Batch Department of Finance Faculty of Business Studies University of Dhaka Date of Submission: ............, 2014 Letter of Transmittal .................., 2014 Dr. M. Sadiqul Islam Professor Department of Finance University of Dhaka Subject: Submission of Internship report. Dear Sir, Here is the report on ‘Portfolio Mix and Operational Performance of NBFIs in Bangladesh’ you asked me to conduct. Working on a practical field with theories helped me to build my theories strong and specific. I believe that this report will help me to know about the perfect mix of investment portfolio of NBFIs in Bangladesh and its relation with the operational performance of the firm. During preparing this report I have enforced my best effort. Surely, it enriches our knowledge and promotes our study. Thank you for giving me such an opportunity for working on the topic. I will be honored to provide you any additional information, if necessary. Sincerely yours, (Robin Kumar Saha) BBA ID: 16-039 BBA 16th Batch Acknowledgement I would like to express my sincere gratitude and cordial thanks to some person who helped me In the course of preparing this report. First of all, I want to mention my honorable Supervisor Dr. M. Sadiqul Islam, Professor, Department of Finance, for giving me this opportunity to prepare this......

Words: 3959 - Pages: 16

Free Essay

Accounting

...Click here to download the solutions manual / test bank INSTANTLY!! http://testbanksolutionsmanual.blogspot.com/2011/02/accounting-information-systems-romney.html ------------------------------------------------------------------------------------------------------------------------ Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual ------------------------------------------------------------------------------------------------------------------------ ***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Accounting Information Systems Author: Romney Steinbart Edition: 11th ISBN-10: 0136015182 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs.  - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in......

Words: 18533 - Pages: 75

Free Essay

Facebook Review

...review is the Facebook social networking application. It is an application version of the Facebook website. Allowing users to create pages and talk to friends etc. This review accesses the application version on a Samsung Galaxy S3 and all conclusions are biased to its functionality on this device. The Facebook website is used as a comparison of the applications abilities. Review Target Market Facebook itself has a large target demographic allowing for old and young users to familiarize themselves quickly with its layout and functions. Because of its nature as a social networking application it has a wide appeal from Grandmothers to School Kids. Facebook Mobile users are so many that online statistics site Statistics Brain puts the number of Mobile Users at 680,000,000 (Statistics Brain, Facebook). With this it is hard to see the specific target market and one must generalize that Facebook try’s to appeal to a wide range. Accessibility Widely Accessible available on all platforms and nearly all version for android operating system. It is also available on all iPhone and windows 7.5 and 8 phones. Its high availability is a testament to the power behind the application and the website that started it Facebook.com. Why an Application The Facebook application is a condensed version of the Facebook website allowing nearly all the available features of the website as an application to help with mobile data usage. The pages are already framed and saved inside the......

Words: 1171 - Pages: 5

Premium Essay

Solution Accounting

...Advanced Accounting Beams Anthony 11th Edition Solutions Manual Click here to download immediately!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/advanced-accountingbeams-anthony-11th.html ----------------------------------------------------------------------Advanced Advanced Advanced Advanced Accounting Accounting Accounting Accounting Beams Beams Beams Beams Anthony Anthony Anthony Anthony 11th 11th 11th 11th Edition Edition Edition Edition Solutions Solutions Solutions Solutions Manual Manual Manual Manual -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Advanced Accounting Author: Beams Anthony Edition: 11th ISBN-10: 0132568969 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your helper. Delivery is in the next moment. Solution Manual is accurate. Buy now below and the DOWNLOAD LINK WILL APPEAR IMMEDIATELY once payment......

Words: 19905 - Pages: 80

Premium Essay

Placement

...learned a lot from each of my English professors, which increased my current level of confidence and skill in writing. In this semester, I have enrolled 4 different classes such as Managerial Accounting, Personal Skill Development for Business, International Business and Global Social Responsibility, and Business Statistic. All of these classes are related to business studies, which is my major. Among so many different concentrations in business, I have chosen finance because my father has influenced me in many ways since I was young. He is an active trader on the share market with an extensive portfolio. Therefore, he always shares his insights with me and teaches me how to perform technical analysis and fundamental analysis to identify the intrinsic value of a company. Eventually, this makes me have more interest in finance and the stock market. I am confident that I have much to offer and I am geared to learn more in Northeastern University. First of all, the class I am most interested to attend is Managerial Accounting – ACCT 2301. This is because accounting is one of the main and most important parts of a business. Accounting is often called as “language of business” because it interprets everything of a company’s operation and finance. It is also important to understand the account of the company before making a major decision such as deciding the...

Words: 714 - Pages: 3

Premium Essay

Functional Areas of Business

...Functional Areas of Business The role of a manager is today’s modern business environment is becoming increasingly more complicated. Not only does a manager have to worry about directing the day-to-day responsibilities of his or her employees, but he or she also has to be concerned with all the different functional areas of the business. These functional areas include: * Management * Law * Human Resources Management * Leadership * Accounting * Finance * Economics * Research & Statistics * Operations Management * Marketing * Strategic Planning Functional Areas Each functional area of a business is typically established as its own department and led by a manager who is an expert in that field, but all are very closely interrelated. Management/Leadership The management and leadership functions very much go hand in hand. Management is responsibility of directing the day-to-day actions of a company’s employees, while leadership is the process with which that direction is given. A manager can easily tell an employee what to do, but that hardly makes them a leader. A leader inspires their employees by having an adaptable management style, exhibiting behaviors which empower employees, function as a role model, organizing an employee’s work so they are exposed to new experiences and grow, and give employees the autonomy to take risks (Warhurst, 2013). A leader is able to inspire an employee to what to perform better by......

Words: 1000 - Pages: 4

Free Essay

Subjects Information

...Academic assistance is the defined as an activity for teaching available for students in all subjects including science, mathematics, management, business studies, business and law and information technology. In the academic assistance, all subject related helps is being provided to the students to meet specific subject related queries. It is defined as a tutoring practice, which provides support to the students in solving particular subject related queries. Apart from this, this makes the learning process easy for the students through providing ready to learn or tailor made notes and helps in solving specific subject problems. Basically, academic assistance is the new method of tutoring by a large number of institutions to facilitate the students in their studies. Academic assistance encompasses all types of subjects from English to Management. In the academic content development, a number of subjects such as business studies, marketing, accounting and financial management, operations management, qualitative techniques, history, science, statistics, dissertation and its proposal development, human resources and organizational behaviour are covered. In pertinent to the given subjects, academic assistance is a kind of help provided to the students in developing particular topic related subjects content. Academic assistance is not only limited to provide a notes specific to subjects, but also it covers a full helps in completing the project steps such as authentic data......

Words: 5329 - Pages: 22

Premium Essay

Target Analysis

...Business Finance 350: Target (TGT) and J.C. Penney (JCP) Financial Statement Analysis Business Finance 350: Target (TGT) and J.C. Penney (JCP) Financial Statement Analysis 2015 2015 I selected to do my analysis on Target and J.C. Penney corporations due to J.C. Penney being in the news for seemingly all the wrong reasons. Both companies are widely held, publicly traded firms that are considered to be in the services sector. In addition, we can draw a parallel between the two since they are in similar industries as well, department stores and discount stores respectively. Providing a bit of background for the two will help to further understand how both corporations operate today. Starting with Target, common stock symbol TGT, “Target offers their customers, which are referred to as "guests," everyday essentials and fashionable, differentiated merchandise at discounted prices. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. They currently employ 347,000 folks that help run the business in 1,801 stores domestically. They offer household essentials which really covers just about everything that you could imagine, including pet essentials.” (TGT Key Statistics) “Their ability to deliver a preferred shopping experience to their guests is supported by the strong supply chain and technology infrastructure, which is an ingrained devotion to innovation, and their disciplined approach to managing the business and investing in......

Words: 1428 - Pages: 6

Premium Essay

Determining Financial Viability

...Determining Financial Viability Accounting and finance are closely related to a certain extent in which both deal with the financial aspects of a company. Accounting and finance work together in creating “a company’s budget or working capital analysis” (Wise-Geek, 2012, p. 1). Accounting involves recording of an organizations operations of a business as well as showing the information in the outline profit and loss accounts, which demonstrates the gain or loss of the organizations throughout the year. In addition, accounting includes provisions of a balance sheet replicating the monetary positions of a business at a specific time period. It should provide clear and precise figures about the proprietary and financial condition in a specific entity. Finance is a wider view and uses information, which is obtainable in the accounting area such as “profit and loss, balance sheet, and cash flow statement” (Parikh, 2011, p. 1) to decide upon financially linked judgments, for instance how to increase funds for upcoming plans of a business. These statements provide a valuable amount of information for a company. The statistics retained in these statements assists financial directors with analyzing past performance as well as future inclinations of a business. Both accounting and finance must be used together to make effective decisions for a company therefore, finance uses past statistics from the accounting aspect to formulate future decisions. In order to determine financial......

Words: 715 - Pages: 3

Premium Essay

Calculating the Beta of Coca Cola

...Journal of Business Case Studies – November/December 2010 Volume 6, Number 6 Calculating The Beta Coefficient And Required Rate Of Return For Coca-Cola John C. Gardner, University of New Orleans, USA Carl B. McGowan, Jr., Norfolk State University, USA Susan E. Moeller, Eastern Michigan University, USA ABSTRACT In this paper, we demonstrate how to compute the required rate of return for Coca-Cola using modern portfolio theory with data downloaded from the internet. We demonstrate how to calculate monthly returns for the index and Coca-Cola and how to use the returns to compute the beta coefficient and the required rate of return using the downloaded data. We show how to validate the data for the market index and the company and how to compute the returns using the dividend and stock split adjusted prices. We demonstrate how to graph the characteristic line for Coca-Cola and use the graph to check that the regression was run correctly. We use Coca-Cola and the S&P 500 Index in this paper, but any company listed on Yahoo! Finance can be used as the example. This paper can be used as the basis of a lecture on intermediate corporate finance or investments to demonstrate the process using a real company. Keywords: beta; characteristic line; required rate of return; Coca-Cola; teaching note INTRODUCTION M arkowitz1 (1952) began modern portfolio theory (MPT) which can be used to explain the relationship between risk and return for assets, particularly stocks. Stock of...

Words: 3716 - Pages: 15