Group data refers to data that is illustrated in the form of a range such as 20-50. Ungrouped data shows single numbers such as 20,21,30,42. A good graphical technique to illustrate the prices of homes in a particular region is a bar graph. The bar graph can illustrate the different prices of homes in the area. The reason I choose a bar chart is because it reflects categorical data. Below is an example of a bar chart with five home prices ($100000, $150000, $200000, $175000, and $250000).
The basic formula used in a regression analysis is y = a + bx. In this formula the y represents the dependent variable. This variable is subject to the independent variables to find the result of the equation. The dependent variable cannot be controlled, but the result is influenced by the values of the independent variable or variables. If the formula illustrated above had multiple independent variables the regression formula would be a multiple regression. “In mathematics the independent variable is one whose value does not depend on any other variable” (Wisegeek, 2010). In the formula mentioned above the X represent the independent variable. B is the slope of the regression line, while A represents the intercept point of the regression line and the y axis. Regression analysis is a tool that is very useful due to the fact that it allows managers to forecast information. Once the regression equation is created the user can alter the independent variable in order to forecast something based on the model. The slope tells us how inclined is the regression line. An application that managers can use is forecasting its sales. The manager would have to input the sales of the company for multiple past periods such as ten years. Once the data is input into the linear regression the manager can forecast the future sales of the company.
Regression analysis can be extremely useful to forecast any type of business data. Managers have a need to forecast the future due to the fact ...
Cite this document
(“Week 3 Discussion Questions and Participation Questions Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/403249-week-3-discussion-questions-and-participation-questions
(Week 3 Discussion Questions and Participation Questions Essay)
“Week 3 Discussion Questions and Participation Questions Essay”, n.d. https://studentshare.net/miscellaneous/403249-week-3-discussion-questions-and-participation-questions.
In an internal audit article published by the Kansas State University, the discourse on internal controls has clearly indicated that there are four purposes of internal control systems, to wit: “(1) protecting its resources against waste, fraud, and inefficiency; (2) ensuring accuracy and reliability in accounting and operating data; (3) securing compliance with the policies of the organization; and (4) evaluating the level of performance in all organizational units of the organization” (Kansas State University par.
One of the most important functions that the FASB serves is formulating the generally accepted accounting principles (GAAP). The accounting profession is self-regulated and accountants depend on the generally accepted accounting principles to guide their work.
A sample statistical z test can only be used when trying to find a difference between the sample mean and the mean of the population, to see if the differences are large enough to know that it did not occur by chance. The z
How can risk be mitigated?
A process improvement opportunity within my organization is in the transportation department where I work. Right now there are two people who route the trucks and schedule the appointments for all trucks leaving Cargill
The products sold by the competition are all similar. During team meetings the employees discuss ways improving the profits of the firm. Market forces in our marketplace controls price. The law of supply and demand forces equilibrium prices in the marketplace.
The problem for the consumers is that many of these drugs are fakes. It is estimated that 15%-30% of these drugs are counterfeits. These drugs can be dangerous to the consumer and some cases lead to death.
An example of an unethical practice is changing depreciation methods without a justification and without including the change in the notes to the financial statements of the company for the purpose of altering the actual financial performance of
They need pictures and gestures from the teachers to understand the concept fully. I will utilize the pictures of different creatures that the children have seen in the zoo or at other places and the try to use hand gestures that allow
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Week 3 Discussion Questions and Participation Questions for FREE!