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Business Statistics: For Contemporary Decision Making, 7th Edition
book

Business Statistics: For Contemporary Decision Making, 7th Edition

by Ken Black
October 2011
Intermediate to advanced content levelIntermediate to advanced
928 pages
36h 13m
English
Wiley
Content preview from Business Statistics: For Contemporary Decision Making, 7th Edition

CHAPTER 3

Descriptive Statistics

LEARNING OBJECTIVES

The focus of Chapter 3 is the use of statistical techniques to describe data, thereby enabling you to:

  1. Apply various measures of central tendency—including the mean, median, and mode—to a set of ungrouped data
  2. Apply various measures of variability—including the range, interquartile range, mean absolute deviation, variance, and standard deviation (using the empirical rule and Chebyshev's theorem)—to a set of ungrouped data
  3. Compute the mean, median, mode, standard deviation, and variance of grouped data
  4. Describe a data distribution statistically and graphically using skewness, kurtosis, and box-and-whisker plots
  5. Use computer packages to compute various measures of central tendency, variation, and shape on a set of data, as well as to describe the data distribution graphically

image

image Laundry Statistics

image According to Procter & Gamble, 35 billion loads of laundry are run in the United States each year. Every second 1,100 loads are started. Statistics show that one person in the United States generates a quarter of a ton of dirty clothing each year. Americans appear to be spending more time doing laundry than they did 40 years ago. Today, the ...

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Publisher Resources

ISBN: 9781118213957Purchase book