Company A should receive the next contract for raw materials as it delivered materials consistently between 6-9 days on average, while Company B took significantly more time for a few orders between 11-12 days. The median height of the planted tree from the box plot is 5 units. The interquartile range is better than the range for outlier detection since it is not influenced by outliers and provides a better representation of central 50% of the data. As marketing director, variables like customer demographics, purchasing preferences, and location would need to be collected using nominal, ordinal, and ratio scales.
Company A should receive the next contract for raw materials as it delivered materials consistently between 6-9 days on average, while Company B took significantly more time for a few orders between 11-12 days. The median height of the planted tree from the box plot is 5 units. The interquartile range is better than the range for outlier detection since it is not influenced by outliers and provides a better representation of central 50% of the data. As marketing director, variables like customer demographics, purchasing preferences, and location would need to be collected using nominal, ordinal, and ratio scales.
Company A should receive the next contract for raw materials as it delivered materials consistently between 6-9 days on average, while Company B took significantly more time for a few orders between 11-12 days. The median height of the planted tree from the box plot is 5 units. The interquartile range is better than the range for outlier detection since it is not influenced by outliers and provides a better representation of central 50% of the data. As marketing director, variables like customer demographics, purchasing preferences, and location would need to be collected using nominal, ordinal, and ratio scales.
Draw a Histogram to graphically represent this data
2. You have joined as the operation manager of StarBikes, a Mohali based bike manufacturing company. You have two suppliers of your raw materials, Company A and Company B. You need to make decision about whom to give the next contract. The number of days taken by each to deliver raw materials in last 10 days are as follows: Company A: 6,6,7,7,8,8,8,9,9,11 Company B: 1,1,2,3,4,6,8,11,11,12 Who should get your order? 3. Mr. Bean planted a small tree in your balcony. He measured the height of the plant everyday and used the data to make the following Box plot:
i. What is the median height?
ii. Compute the interquartile range iii. Do you see any outlier? Justify iv. Justify why interquartile range is better than range in this case. 4. You have joined as a marketing director of TastyDrink, a Chandigarh based soft drink company. You want to segment your customer base. For that, please i. Identify different variables on which you need collect data ii. Identify the kind of scales you will need for each data