Q 1: Mr. Irfan, Plant Manager of Al Khuwair Furniture LLC has recently installed two plants A and B for their production of 2 Seater Polyster Sofa. The productivity of the plant A for the past 10 days is 9, 14, 10, 8, 12, 16, 9, 12, 8 and 14 sofas The productivity of the plant B for the past 10 days is 10, 14, 7, 9, 10, 11, 8, 13, 10 and 9 sofas Find out which plant is more consistent in productivity based on Standard Deviation (SD) and give reason for your answer. Which method will give you precise results, Coefficient of Variation (CV) or Standard deviation? Discuss analytica
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
please use hand calculation to solve this
Q 1: Mr. Irfan, Plant Manager of Al Khuwair Furniture LLC has recently installed two plants A and B for their production of 2 Seater Polyster Sofa.
The productivity of the plant A for the past 10 days is 9, 14, 10, 8, 12, 16, 9, 12, 8 and 14 sofas
The productivity of the plant B for the past 10 days is 10, 14, 7, 9, 10, 11, 8, 13, 10 and 9 sofas
- Find out which plant is more consistent in productivity based on Standard Deviation (SD) and give reason for your answer.
- Which method will give you precise results, Coefficient of Variation (CV) or Standard deviation? Discuss analytica
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