# Sampling Excel Analysis Of Eight Of The Financial Application Project

1018 Words 5 Pages
Register to read the introduction… Thus, the proportion of times exceeding 12 seconds is 45% or 0.45.

QUESTION 3: I would use the sampling Excel technique to randomly sample eight of the financial application projects. I would randomly sample four from the current package and four for the new package. Rather than selecting from the ‘time taken’ column, I would select from the ‘package’ so that we would not be confused of which package received which time. That
For the current package, the package selected from excel are packages 5, 16, 4 and 8. For the new package, the packages generated are packages 6, 17, 14 and 9. If there were any repeat of the packages, I would randomize the samples again until I won’t get a duplicate package. However, I was lucky enough not to get duplicate packages.

Question 4: I could show the information for the new package as a summary statistics which is shown in the table below: Statistical Data for Time Taken To Complete Project for New Package Mean | 12.05 | Standard Error | 1.658273 | Median | 10.5 | Mode | 10 | Standard Deviation | 7.416021 | Sample Variance | 54.99737 | Kurtosis | 6.120902 | Skewness | 2.051816 | Range | 33 | Minimum | 4
Therefore 1-0.84=0.16. The probability that the processing time is greater than 14 is 0.16. B) I would enter two equations in the formula bar to solve this problem. Firstly, the formula bar shows =NORM.DIST(8,10,1,TRUE) which equates to 0.02. Secondly, the formula bar shows =NORM.DIST(11,10,1,TRUE) which equates to 0.84. Therefore, 0.84-0.02=0.82. The probability that the processing time is between 8 and 11 seconds is 0.82. QUESTION 6 The two sets of data would be independent samples. The standard deviations are very different, because 12.83/7.42=1.73, where 1.73 is more than 1.5. t-Test: Two-Sample Assuming Unequal Variances | | Variable 1 | Variable 2 | Mean | 14.9 | 12.05 | Variance | 164.6211 | 54.99737 | Observations | 20 | 20 | Hypothesized Mean Difference | 0 | | df | 30 | | t Stat | 0.860054 | | P(T<=t) one-tail | 0.19829 | | t Critical one-tail | 1.310415 | | P(T<=t) two-tail | 0.396581 |

## Related Documents

• ###### Article Analysis: Whatever Happened To Marina Oswald?

Assen, Eric. "Whatever Happened To Marina Oswald?" KERA News. KERA, 20 Nov. 2013. Web. 26 Oct. 2014. When Marina Oswald heard a cop knocking at her door she had no idea that her husband just shot the president of the United States. At the time she agreed with the reports about her husband killing the president. But in a later interview with CBS she informed the citizens of the United States that she appreciated what they did for her, but felt that her husband Lee Harvey Oswald was set up. She…

Words: 1793 - Pages:
• ###### Analysis Of Whatever You Say, Say Nothing By Seamus Heaney

nonpartisan themes prominent in his poetry. However, he breaks this image in Act of Union, along with Whatever You Say, Say Nothing, branching into more political themes. The cause of this was largely due to the Troubles in Ireland from the early 1960s, which largely affected Heaney due to his role as a Northern Irish poet. He was also pressured by many journalists on his view, which is described in Whatever You Say, Say Nothing. Although Act of Union is unmistakably one of Heaney’s most political poems…

Words: 1136 - Pages: 5
• ###### Whatever You Do Good Or Bad Comes Back To Me Essay

Whatever you do good or bad comes back to you. I am doing the right things. I am being blessed in this school, in this country, with nice people that care about me, with a baseball team that supports me. With a good coach that cares about the players, and he wants his players to succeed in life. I know I will receive good things in my life, because I’ve sacrificed my childhood and my prime years in things that will improve the conditions of my family. She just came to me and she gave me oral, she…

Words: 840 - Pages: 4
• ###### The Importance Of Business Ethics In Today's Corporate World

majority of workers in the organization will be just as ethical. A person without integrity will not be attracted to a company with high moral values and vice versa. Philippians 4:8 - Finally, brethren, whatever is true, whatever is honorable, whatever is right, whatever is pure, whatever is lovely, whatever is of good repute, if there is any excellence and if anything worthy of praise, dwell on these things. #5: Ethics help engage with the local community. Companies that want to be ethical also want…

Words: 759 - Pages: 4
• ###### Worship God Reflection Paper

WHATEVER HAPPENED TO WORSHIP? By A.W. Tozer Michael Matysek MUSIC 200-001 February 10, 2015 Summary Throughout the book, Whatever Happened to Worship, A.W. Tozer emphasizes the power of Godly worship. Christians need feel convicting to substitute work for worship and to direct their lives toward worship. Humans were designed to seek the will of the one and only God who created everyone is his image. Tozer reminds us and explains what it means to worship in his book, Whatever Happened…

Words: 1504 - Pages: 7
• ###### The Importance Of Values In Politics

Politics. Aristotle called man a Finally, brothers, whatever is true, whatever is honorable, whatever is just, whatever is pure, whatever is lovely, whatever is commendable, if there is any excellence, if there is anything worthy of praise, think about these things. "Political Animal," yet many today view the goings on in the government with an comprehension level caught somewhere between casual knowledge of trivia and full blown confusion. Politics holds an important role for the everyday citizen…

Words: 714 - Pages: 3
• ###### The Importance Of Ethics

that deviate from what is ethical. Finally, being ethical is not the same as doing "whatever society accepts." In any society, most people accept standards that are, in fact, ethical. But standards of behavior in society can deviate from what is ethical. An entire society can become ethically corrupt. Nazi Germany is a good example of a morally corrupt society. Moreover, if being ethical were doing "whatever society accepts," then to find out what is ethical, one would have to find out what society…

Words: 667 - Pages: 3
• ###### Sensation Transference Case Study

the responsibilities of consumers? Caveat emptor or buyer beware focuses on the needs of the producers first. It operates within the law while maximizing profits. As long as it is legal, it is ethical. From this perspective, organizations can use whatever means necessary to produce and package their product in order to increase profits, including managing a customer’s first impression of their product. Caveat venditor or seller beware focuses on customer satisfaction as the primary ethical standard…

Words: 1042 - Pages: 5
• ###### Analysis Of Food As Thought: Resisting The Moralization Of Eating By Mary Maxfield

In other words, Americans should eat whatever they want because their bodies know best. However, her proposal fails to take into account what I consider to be important variables such as the consequence of ignorance, the combination of indulgence and laziness, and the impact of modern lifestyles which all play a role in our food choices. Americans ' ignorance creates the need for nutritional guidance. Maxfield 's view that Americans should eat whatever they want is analogous to letting a child…

Words: 707 - Pages: 3
• ###### My Future Teacher Essay

who have the opportunity to change one’s life and forever the person will never be the same again. A good teacher should be able to create a good learning and teaching environment and then be able to utilize every single opportunity for passing on whatever he/she has. In doing this one can increase knowledge and understanding that in turn transform the life of the learner positively. A teacher is among the great destiny changers who even though might not be there to behold the glory of their success…

Words: 858 - Pages: 4