Business Analytics (2nd Edition)
2nd Edition
ISBN: 9780321997821
Author: James R. Evans
Publisher: PEARSON
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Chapter 3, Problem 25PE
To determine
To construct a frequency distributions and histogram for the numerical data.
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Q.1.2
Match the definition in column X with the correct term in column Y.
Two marks will be awarded for each correct answer.
(20)
COLUMN X
Q.1.2.1
COLUMN Y
Condenses sample data into a few summary
A.
Statistics
measures
Q.1.2.2
The collection of all possible observations that
exist for the random variable under study.
B.
Descriptive statistics
Q.1.2.3
Describes a characteristic of a sample.
C.
Ordinal-scaled data
Q.1.2.4
The actual values or outcomes are recorded
on a random variable.
D.
Inferential statistics
0.1.2.5
Categorical data, where the categories have an
implied ranking.
E.
Data
Q.1.2.6
A set of mathematically based tools &
techniques that transform raw data into
F.
Statistical modelling
information to support effective decision-
making.
45
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QUAT6221wA1
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பg Immer
The following table indicates the unit prices (in Rands) and quantities of three consumer products
to be held in a supermarket warehouse in Lenasia over the time period from April to July 2025.
APRIL 2025
JULY 2025
PRODUCT
Unit Price (po)
Quantity (q0))
Unit Price (p₁)
Quantity (q1)
Mineral Water
R23.70
403
R25.70
423
H&S Shampoo
R77.00
922
R79.40
899
Toilet Paper
R106.50
725
R104.70
730
The Independent Institute of Education (Pty) Ltd 2025
Q Search
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Chapter 3 Solutions
Business Analytics (2nd Edition)
Ch. 3 - Create a line chart for the closing prices for all...Ch. 3 - Create a pie chart showing the breakdown of...Ch. 3 - The Excel tile Facebook Survey provides data...Ch. 3 - A national homebuilder builds single-family homes...Ch. 3 - Create a bubble chart for the first five colleges...Ch. 3 - Construct a column chart for the data in the Excel...Ch. 3 - The Excel file Internet Usage provides data about...Ch. 3 - Construct an appropriate chart to show the...Ch. 3 - In the Excel file Banking Data, apply the...Ch. 3 - Apply three different colors of data bars to...
Ch. 3 - For the Store and Regional Sales database, apply a...Ch. 3 - For the Excel file Closing Stock Prices, Apply...Ch. 3 - Convert the Store and Regional Sales database to...Ch. 3 - Prob. 14PECh. 3 - Prob. 15PECh. 3 - Prob. 16PECh. 3 - Prob. 17PECh. 3 - In the Purchase Orders database, conduct a Pareto...Ch. 3 - Use Excels filtering capability to (1) extract all...Ch. 3 - Prob. 20PECh. 3 - The Excel file Credit Risk Date Provides...Ch. 3 - Prob. 22PECh. 3 - Prob. 23PECh. 3 - A community health-status survey obtained the...Ch. 3 - Prob. 25PECh. 3 - Prob. 26PECh. 3 - Prob. 27PECh. 3 - Prob. 28PECh. 3 - Prob. 29PECh. 3 - Prob. 30PECh. 3 - Find the 10th and 90th percentiles and 1st, 2nd,...Ch. 3 - Construct cross-tabulations of Gender versus...Ch. 3 - Use PivotTables to construct a cross-tabulation...Ch. 3 - Use PivotTables to construct a cross-tabulation...Ch. 3 - Create a PivotTable to find the average amount of...Ch. 3 - Use PivotTables to find the number of loans by...Ch. 3 - Use PivotTables to find the number of sales...Ch. 3 - Create a PivotTable for the data in the Excel file...Ch. 3 - The Excel File Rins Gym provides sample data on...Ch. 3 - Create useful dashboards for each of the following...Ch. 3 - A marketing researcher surveyed 92 individuals,...
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- COM WIth Chegg Cheg x + w:/r/sites/TertiaryStudents/_layouts/15/Doc.aspx?sourcedoc=%7B2759DFAB-EA5E-4526-9991-9087A973B894%. QUAT6221wA1 Accessibility Mode Immersi The following table indicates the unit prices (in Rands) and quantities of three meals sold every year by a small restaurant over the years 2023 and 2025. 2023 2025 MEAL Unit Price (po) Quantity (q0)) Unit Price (P₁) Quantity (q₁) Lasagne R125 1055 R145 1125 Pizza R110 2115 R130 2195 Pasta R95 1950 R120 2250 Q.2.1 Using 2023 as the base year, compute the individual price relatives in 2025 for (10) lasagne and pasta. Interpret each of your answers. 0.2.2 Using 2023 as the base year, compute the Laspeyres price index for all of the meals (8) for 2025. Interpret your answer. Q.2.3 Using 2023 as the base year, compute the Paasche price index for all of the meals (7) for 2025. Interpret your answer. Q Search L O W Larrow_forwardQUAI6221wA1.docx X + int.com/:w:/r/sites/TertiaryStudents/_layouts/15/Doc.aspx?sourcedoc=%7B2759DFAB-EA5E-4526-9991-9087A973B894%7 26 QUAT6221wA1 Q.1.1.8 One advantage of primary data is that: (1) It is low quality (2) It is irrelevant to the purpose at hand (3) It is time-consuming to collect (4) None of the other options Accessibility Mode Immersive R Q.1.1.9 A sample of fifteen apples is selected from an orchard. We would refer to one of these apples as: (2) ھا (1) A parameter (2) A descriptive statistic (3) A statistical model A sampling unit Q.1.1.10 Categorical data, where the categories do not have implied ranking, is referred to as: (2) Search D (2) 1+ PrtSc Insert Delete F8 F10 F11 F12 Backspace 10 ENG USarrow_forwardepoint.com/:w:/r/sites/TertiaryStudents/_layouts/15/Doc.aspx?sourcedoc=%7B2759DFAB-EA5E-4526-9991-9087A 23;24; 25 R QUAT6221WA1 Accessibility Mode DE 2025 Q.1.1.4 Data obtained from outside an organisation is referred to as: (2) 45 (1) Outside data (2) External data (3) Primary data (4) Secondary data Q.1.1.5 Amongst other disadvantages, which type of data may not be problem-specific and/or may be out of date? W (2) E (1) Ordinal scaled data (2) Ratio scaled data (3) Quantitative, continuous data (4) None of the other options Search F8 F10 PrtSc Insert F11 F12 0 + /1 Backspaarrow_forward
- /r/sites/TertiaryStudents/_layouts/15/Doc.aspx?sourcedoc=%7B2759DFAB-EA5E-4526-9991-9087A973B894%7D&file=Qu Q.1.1.14 QUAT6221wA1 Accessibility Mode Immersive Reader You are the CFO of a company listed on the Johannesburg Stock Exchange. The annual financial statements published by your company would be viewed by yourself as: (1) External data (2) Internal data (3) Nominal data (4) Secondary data Q.1.1.15 Data relevancy refers to the fact that data selected for analysis must be: (2) Q Search (1) Checked for errors and outliers (2) Obtained online (3) Problem specific (4) Obtained using algorithms U E (2) 100% 高 W ENG A US F10 点 F11 社 F12 PrtSc 11 + Insert Delete Backspacearrow_forwardA client of a commercial rose grower has been keeping records on the shelf-life of a rose. The client sent the following frequency distribution to the grower. Rose Shelf-Life Days of Shelf-Life Frequency fi 1-5 2 6-10 4 11-15 7 16-20 6 21-25 26-30 5 2 Step 2 of 2: Calculate the population standard deviation for the shelf-life. Round your answer to two decimal places, if necessary.arrow_forwardA market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after" would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial improved the mean purchase potential rating. Use = .05 and the following data to test the hypothesis and comment on the value of the commercial. Purchase Rating Purchase Rating Individual After Before Individual After Before 1 6 5 5 3 5 2 6 4 6 9 8 3 7 7 7 7 5 4 4 3 8 6 6 What are the hypotheses?H0: d Ha: d Compute (to 3 decimals).Compute sd (to 1 decimal). What is the p-value?The p-value is What is your decision?arrow_forward
- Please help me with the following statistics questionFor question (e), the options are:Assuming that the null hypothesis is (false/true), the probability of (other populations of 150/other samples of 150/equal to/more data/greater than) will result in (stronger evidence against the null hypothesis than the current data/stronger evidence in support of the null hypothesis than the current data/rejecting the null hypothesis/failing to reject the null hypothesis) is __.arrow_forwardPlease help me with the following question on statisticsFor question (e), the drop down options are: (From this data/The census/From this population of data), one can infer that the mean/average octane rating is (less than/equal to/greater than) __. (use one decimal in your answer).arrow_forwardHelp me on the following question on statisticsarrow_forward
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