offer
offer

Get Upto

55% OFF

-Coupon Code-

NEW25

offer
offer

Use Our Seasonal Offers!

Claim Now

4500+ Experts Writer

After finishing my masters in Biomedical Science, I started guiding students in their academic papers related to this subject. Over time, I have been able to recognise the problems faced by the students and have successfully guided on topics such as Neuro-muscular stimulator, i-Ball movement detector, Snore alarm electronic device, Braille watch, Pulse oximeter, Human skin color sensor, Role of biomedical in hospital, Artificial kidney, Safeguard for the blind, Neuropathic foot exerciser, and others as well. Students can seek my guidance for completing their dissertations, coursework, essays, theses, reports and presentations on the topics related to this subject. Connect with me now to secure top grades!

Tania Christian

Tania Christian

Orders in Progress - 43

Orders Finished - 1455

Hire Now

I take immense pride in sharing that I've been working in the online assignment writing industry for 5 years, and for the last 2 years I'm offering my services to the clients of Global Assignment Help Australia. The subject knowledge I've gained over these years has helped me write several assignments on the topics, namely The Eisenhower Method, time management systems, professional organizing, time perception, workforce management, Pomodoro, etc. I can proficiently work on any concept given with utmost precision and care. Hire me today to score top-notch grades in your academic papers. It will be my pleasure to assist you.

Brenden Cox

Brenden Cox

Orders in Progress - 41

Orders Finished - 967

Hire Now

"I'm a highly-qualified academic writer holding Ph.D. credentials in Accounting from the University of South Australia and have been offering term papers, assignments, presentations, case studies, reports, dissertations, theses, research papers, etc., to the college students. I have worked in several disciplines and topics of Accounting till now, and some of them are Financial Accounting, Cost Accounting, Accounting and accountancy, Financial accounting, Management accounting, Auditing, Accounting information systems, Tax accounting Organizations, Professional bodies, Accounting firms, Standard-setters in Accounting, Types of Accounting degrees, Accounting research, Accounting information system, Accounting scandals, etc. If any topic related to this field is making you stressful, then hire me today!"

Steffy Smith

Steffy Smith

Orders in Progress - 68

Orders Finished - 1978

Hire Now

After completing my post graduation in Data Analysis from the the University of Canberra, I started offering academic writing services to the college students and have successfully delivered various projects and documents in the last seven years. I hold expertise in all the topics that come under the umbrella term of this subject such as Barriers to effective analysis, Confusing fact and opinion, Cognitive Biases, Analytics and business intelligence, Initial data analysis, Quality of measurements, Initial transformations, Characteristics of data sample, Final stage of the initial data analysis, Nonlinear analysis, Exploratory and confirmatory approaches, Stability of results, Statistical methods, etc. Hire me to score brilliant grades in your academic paper related to this field.

Mark Joseph

Mark Joseph

Orders in Progress - 34

Orders Finished - 3523

Hire Now

Affordable Prices

Top Grades at Cheap Rates!

    Prices Starts From
    USD 7.19
    Offer Discount 25 % Off
    USD7.19

    Get upto 51% OFF on Your First Order !

    Prices Starts From

    USD 7.19

    Amazing Features We Offer

    24*7 Help Service

    100% Satisfaction

    No Privacy Infringement

    Super-fast Services

    Subject Experts

    Professional Documents

    L/508/0442 - Quantitative Methods Of Calculation Represent Mathematical Data

    University: University of Chester

    • Unit No: 6
    • Level: Undergraduate/College
    • Pages: 13 / Words 3223
    • Paper Type: PPT
    • Course Code: L/508/0442
    • Downloads: 1718
    Question :
    '

    The purpose of this report is to conduct quantitative analysis through different and effective methods that can assist in gathering more reliable information for business purpose. Quantitative methods of calculation represent mathematical data for which individual needs to have specific knowledge in such areas.

    • Determine an application of different quantitative methods and gather authenticate information from its effective uses.
    '
    Answer :

    INTRODUCTION

    Quantitative assessment implies for the evaluation of data set through the means of statistical tools as well techniques. In the recent times, business unit laid high level of emphasis on undertaking quantitative tools and techniques for the purpose of decision making. Statistical tools and techniques are highly significant which in turn helps in drawing suitable conclusion from data set. The present report is based on different case situations which will provide deeper insight about the manner in which tools such as descriptive statistics aid in decision making. Further, report also presents how regression analysis helps in determining the impact of one variable on another.  It also depicts the use of probability evaluation or assessment in decision making.

    QUESTION 1

    a. Stating the Frequency, Relative Frequency, Cumulative Relative Frequency and Class Midpoint

    Measures of Variability and Association

    Class interval

    Number of passengers at each train station in Melbourne

    Cumulative  frequency

    Relative frequency

    Cumulative relative frequency

    mid point

    169-468

    19

    19

    0.32

    0.32

    403

    469-768

    12

    31

    0.20

    0.52

    853

    769-1068

    9

    40

    0.15

    0.67

    1303

    1069-1368

    8

    48

    0.13

    0.80

    1753

    1369-1668

    5

    53

    0.08

    0.88

    2203

    1669-1968

    2

    55

    0.03

    0.92

    2653

    1969-2268

    1

    56

    0.02

    0.93

    3103

    2569-2868

    2

    58

    0.03

    0.97

    4003

    2869-3168

    1

    59

    0.02

    0.98

    4453

    7669-7968

    1

    60

    0.02

    1.00

    11653

    Grand Total

    60

     

     

    Histogram

    Bin

    Frequency

    169

    1

    1249

    45

    2329

    10

    3409

    3

    4489

    0

    5569

    0

    6649

    0

    More

    1

     

    3. Descriptive statistics

    Computation of mean, mode and median

    Number of passengers at each train station in Melbourne

    Particulars

    Outcome

    Mean

    1033.43

    Standard Error

    141.11

    Median

    715

    Mode

    401

    Standard Deviation

    1093.04

    Sample Variance

    1194731

    Kurtosis

    23.78

    Skewness

    4.21

    Range

    7560

    Minimum

    169

    Maximum

    7729

    Sum

    62006

    Count

    60

     

    The above depicted table of descriptive statistics show that average number of passengers at each train station in Melbourne accounts for 1033 respectively. Further, outcome of descriptive statistics present that 50% value of data set and median value implies for 715 significantly. Along with this, it has assessed from the evaluation that mode is 401. On the basis of this, it can be presented that 401 passengers repeatedly arrived at each train station in Melbourne for the weekday peak time such as 7 am to 9.29 am.      

    You May Also Like:

    Introduction to management accounting for Sewing Easy ltd

    BUS020N532A Evaluation an International HRM Strategy Level 5 Mont Rose College

    EVRE5017 HR Diploma Task Assignment

    Identify potential risk associated with proposed project of BMW

    Analyze The Legislations And Regulations In An Organizational Scenario      

    QUESTION 2

    a. Assessing whether above given data comes under population or sample

                From research, it has found that data set given in relation to the weekly attendance in Holmes and number of chocolate bars sold. Referring given case, it can be presented that manager of supermarket wants to assess whether there is any relationship takes place between the students who attending class and sales of chocolate bars. Hence, in this, whole students of Holmes have been considered. Thus, by taking into such aspects it can be presented that given data set implies for population rather than sample. Moreover, sample is the small part of population, whereas population accounts for the whole target. Hence, it can be mentioned that given data set includes population. Through assessment, it has identified that significant difference takes place between sample and population (Cressie, 2015). Moreover, population implies for the collection of all elements who possess common characteristics that comprise universe.  

    b. Calculating standard deviation of the weekly attendance

    Computation of standard deviation

    S. No.

    Weekly attendance

    1

    472

    2

    413

    3

    503

    4

    612

    5

    399

    6

    538

    7

    455

    Standard deviation

    74.1

     

                Findings of statistical assessment presents that in the near future mean value will deviate from the figure of 74.1 respectively.

    3. Inter-quartile range assessment

    Interquartile range may be swerved as a viability measure which divides or distinguishes whole data set into quartiles. By subtracting 1st quartile from the 3rd one interquartile range can be assessed.

    Calculation of inter-quartile range

    Particulars

    Number of chocolate bars sold

    6916

    5884

    7223

    8158

    6014

    7209

    6214

    1st quartile

    6114

    3rd quartile

    7216

    Inter-quartile range (3rd quartile – 1st quartile)

    1102

     

    4. Assessing correlation co-efficient

    Correlation is the most effectual statistical tool which helps in assessing the extent to which two variables are associated with each other. In other words, it helps in assessing the level to which one variable will move when changes take place in another. 

    Correlation co-efficient

    Weekly attendance

    Number of chocolate bars sold

    472

    6916

    413

    5884

    503

    7223

    612

    8158

    399

    6014

    538

    7209

    455

    6214

    Amazing Discount

    UPTO55% OFF

    Subscribe now for More Exciting Offers + Freebies

    Download Full Sample

    Cite This Work

    To export references to this Sample, select the desired referencing style below:

    Students sometimes cannot express their inability to work on assignments and wonder, "Who will do my assignment?" To help them understand the complexities of writing, we are providing "samples" on various subjects. Also, we have experienced assignment writers who can provide the best and affordable assignment writing services, essay writing services, dissertation writing services, and so on. Thus, don't wait any longer! Place your order now to take advantage of discounted deals and offers.

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance