ECON940 Statistics for Decision Making

Published : 21-Oct,2021 | Views : 10

Question:

Explain the importance of statistics as an aid to decision-making in any organisation Identify managerial statistical problems Apply appropriate statistical techniques for solving a particular problem within any organisation Interpret appropriate output from statistical computer packages such as SPSS/Minitab/Excel Produce a managerial report Demonstrate proficiency in analysis, interpretation and application of managerial statistics.

Answer:

PRICE	STYLE	Business	Sports	Casual
94.27	1	94.27	70.71	60.48
70.71	2	82.79	73.78	61.83
60.48	3	128.17	78.00	65.26
61.83	3	84.65	81.44	48.48
73.78	2	84.74	64.86	31.00
82.79	1	86.82	63.02	37.42
65.26	3	63.03	57.74	50.59
48.48	3	109.63	60.27	41.17
78.00	2	101.15	56.75	29.09
81.44	2	100.12	75.55	44.24
128.17	1	58.19	54.35	47.53
31.00	3	75.09	51.75	48.87
37.42	3	72.02	61.67	32.64
64.86	2	60.34	42.92	31.28
63.02	2	59.32	36.22	28.04
84.65	1	56.49	48.50	34.98
84.74	1	70.48	52.36	25.07
86.82	1	66.86	51.88	39.91
50.59	3	66.34	47.16	46.55
41.17	3	73.45	54.65	38.36
57.74	2	87.92	60.73	35.89
29.09	3	96.78	47.07	14.38
63.03	1	92.30	83.47	41.18
60.27	2	118.92	72.89	47.57
56.75	2	98.56	49.06	29.02
44.24	3	130.20	79.39	44.24
109.63	1	123.02	87.10	60.49
101.15	1	103.36	72.93	52.82
100.12	1	105.25	98.93	15.42
75.55	2	124.03	86.78	56.38
47.53	3	97.55	63.77	29.53
48.87	3	149.02	64.47	32.78
58.19	1	95.28	54.59	22.08
32.64	3	131.19	80.25	38.35
54.35	2	100.66	62.18	41.41
51.75	2	111.94	77.11	45.88
75.09	1	89.56	60.77	41.05
61.67	2	115.84	74.94	44.30
31.28	3	94.84	73.80	42.48
42.92	2	89.81	60.55	59.07