StudentShare solutions
Triangle menu

Quantitative and Analytical Techniques for Managers Coursework - Essay Example

Nobody downloaded yet

Extract of sample
Quantitative and Analytical Techniques for Managers Coursework

This indicates that some of the provinces may be very poor while others may be very rich although we still have to validate this when the data are transformed into gross regional product per capita.
A standard deviation of 759,648.2 million yuan which is very close to the mean value of 892,031.93 million yuan. This indicates a very high variability. The high variability is also indicated by the high variance of 5,770,653,964 million yuan.
From the perspective of the manager, the mean as measure of central tendency is very useful. However, the mean can mask a situation in which some of the provinces or cases have actually very high or very low variable values. The mode can be almost useless for ratio data but is very useful for nominal data or variables. The median is extremely useful to identify at what value the population is divided into 2 equal parts: half below the median while the other half is above the median. For instance, in the data above, the median is 609,110 million yuan versus the mean value of 892,031.93 million yuan or that the median is lower than the mean. This indicates that a few provinces with high values of the gross regional product are raising the mean to be above the median.
Given a poverty figure, for example, we can determine through the median whether at least half of the population are below or above the poverty figure. Another option is to use a measure of living standard. A median above the living standard would indicate that at least half of the population are above the living standard.
For ratio data, it is the belief of this writer that the using both the median and the mean simultaneously would be useful. However, for nominal variables, the identification of central tendency through the mode will the one useful.
1.2. The Pearson correlation coefficient between the gross regional product and gross capital is positive 0.97408077 versus the perfect correlation of positive 1. ...Show more

Summary

Summary of data on the Gross Regional Product in yuan using measures of central tendency and dispersion (e.g., mean, median, variance and standard deviation) and discussion on the strengths and weaknesses of these measures from the perspective of a manager seeking to…
Author : vrunolfsdottir
Quantitative and Analytical Techniques for Managers Coursework essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Quantitative and Analytical Techniques for Managers Coursework"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Quantitative and Analytical Techniques for Managers
The mean of the Gross Fixed Capital Formation per Capita in 2007 (Yuan) is10853.088, Median is 8947.050 and there is no mode for this data set. On the other hand, the measure of central tendency of the Gross Regional Product per Capita 2007 (Yuan) includes the mean, 21973.419, median, 16206.000 but no mode, rage is 60161, and standard deviation is 13987.063.
10 pages (2500 words) Essay
Quantitative Techniques ( use Eviews and Excel )
The interest rate exhibits a volatile but generally downward trend until the 4th quarter of 2008 since when there has been a very sharp dip in the variable. This also reflects the attempts of expansionary monetary policy facing recession. 2.b) Table 1 Dependent Variable: I Method: Least Squares Date: 12/31/11 Time: 13:16 Sample (adjusted): 1990Q2 2010Q3 Included observations: 82 after adjustments Coefficient Std.
6 pages (1500 words) Essay
Methods Analysis and Techniques Coursework : Data Analysis
Previous studies have suggested and revealed a negative relationship between low income and life expectancy and appositive relationship between low family income and mortality across most developed countries. Other revised studies have indicated a positive relationship between high income and high health standards within the family settings.
4 pages (1000 words) Essay
Analytical
He refused to follow the Confucian insistence on morality as the deciding virtue for a ruler. He was an advocate for modern governance and strongly believed that new problems require new ways of countering and handling them. Politics, he insisted, should change with time because resorting to the old ideals could not always yield functioning results.
4 pages (1000 words) Essay
History of analytical techniques used in structure determination
An X-ray beam is projected on the crystals. It interacts with the electronic cloud of the crystal to generate diffracted X-ray beams, these electrons are particularly the core electrons, we can obtain this pattern on a phosphor screen and with the help of this we can obtain an electron density map which is used to create the 3D structure of the crystal.
5 pages (1250 words) Essay
Quantitative Techniques
their businesses by mere guts and go by certain assumptions, which may or may not turn out to aid in the performance of the business strategy adopted thereafter. However, the number of people who succeed in such endeavors are quite minimal and this has necessitated the
2 pages (500 words) Essay
Analytical techniques
All the facets of human life like business, healthcare, accounting and finance, languages, scientific studies, social scientific studies, sales and aviation
7 pages (1750 words) Essay
Methods Analysis and Techniques Coursework Data Analysis
Other revised studies have indicated a positive relationship between high income and high health standards within the family settings. According to The National Poverty Center at the University report, there were 14.1
4 pages (1000 words) Essay
Coursework for Quantitative Methods
When the domestic price level of a country increases, the exchange rate in that country must depreciate in order to maintain the Purchasing Power Parity. The Purchasing Power Parity acts on the basis of “law of one price”
8 pages (2000 words) Essay
Quantitative Techniques for Business Project
This assignment has selected four stocks from the S&P 500 index. The stocks are of companies Microsoft Corporation (MSFT), Apple, Inc. (AAPL), Intel Corporation (INTC), and Hewlett-Packard (HPQ). The objective of this assignment is to
7 pages (1750 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment