QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 356 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 21 May 2017 My Price 9.00

Standard Deviations

Question description

 

ALTERNATIVE ASSIGNMENT FOR WEEK 3 The Business Side of Standard Deviation

 

 

You are a statistician analyst for a local cable company and you must present an analysis of the financial data to the executives, including predicted number of customers in three ranges using Empirical rule, and in two ranges using Chebyshev rule.

The table below shows a sample of customer statements for the month of February 2017

AMOUNTS DUE BY CUSTOMERS OF A CABLE TV LLC IN JANUARY 2017
           
           
           
           
           

Generate 30 values using the following procedure

1. Open EXCEL

2. Open Data

3. Click on Data Analysis

4. Choose Random Number generator

5. Enter 1 in Number of Variables

6. Enter 30 in the Number of random numbers field

7. Choose Normal; in the Distribution field

8. Choose New worksheet

Calculate the mean and the standard deviation of the data in the table

Discuss what the mean and the standard deviation means.

Analyze data using the empirical rule and the Chebyshev rule,

Create a 10-slide (first slide: Title of the presentation and introduction of participants, last slide: Executive summary of the findings.) Microsoft® PowerPoint® presentation including detailed speaker notes in which you include the following:

  • Graphs of data.
  • Explain the role of the mean and the standard deviation in the analysis.
  • Present detailed findings of the problem
  • Explain any other uses for standard deviation in a business setting.

Click the Assignment Files tab to submit your assignment.

Answers

QuickHelper
(10)
Status NEW Posted 21 May 2017 03:05 PM My Price 9.00

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