Bus 308 (Statistics for Managers) New Entire Course Essay
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WEEK 1 BUS 308 new Week 1 Problem Set Week One:
The performances of a group of interns are evaluated by their supervisors at the end of their internships. Their scores are: 55, 47, 62, 27, 50, 49, 66, 53, 50, 44, 63, 59. Complete the calculations below using this data. Show all of your work and clearly label each of your calculations. The mean the median the range the standard deviation the variance. Scores
Standard Error …show more content…
3. If shoppers are also ranked from the most to the least frequent shoppers, those rankings represent data of which scale? Explain your reasoning.
4. Shoppers are asked to complete a customer satisfaction survey. In response to each question on the survey, the shoppers circle one of five answers: strongly agree, agree, neutral, disagree, or strongly disagree. Their responses are data of which scale? Explain your reasoning.
5. What measure(s) of central tendency will be most informative for each of the above data? Justify why each measure is most informative.
6. What would be more critical for the marketing agency to utilize; descriptive or inferential statistics? Why?
BUS 308 new Week 1 DQ 2 Probability
The manager of a sandwich shop gathers data on what people spend on lunch on a particular day of the week.
The results are $4.20, $4.22, $2.35, $4.32, $5.25, $6.48, $6.78, $8.59, $6.95, $5.52, $6.83, $7.35, $4.36, $9.39, $6.42.
To the degree that this represents the population of all those who eat lunch at sandwich shops, what percentage of customers spend:
1. less than $4.34?
2. between $3.50 and $4.80?
3. less than $2.35?
Imagine that you are the manager of a sandwich shop. Based on your calculations, what do you think is the best pricing point for your shop? What would you do to increase sales at the sandwich shop?