PROJECT RISK MANAGEMENT

ASSIGNMENT NO 2

Prepared by:

Name: Usman Tanvir

Enrollment # 01-398192-076

Section: MSPM – 2A
usmantanvir1400@gmail.com

Submitted on: Apr 11th, 2020

Submitted to: Mr Tabjeel Ashraf

Course Instructor: PROJECT RISK MANAGEMENT
Task # 1
Draw a sorted graph of the dataset.

Sales (1000 Units)

20

18

16

14
Sales (1000 units)

12

10

0
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67 70 73 76 79 82 85 88 91 94 97100

Days

Task# 2
Calculate Average, Standard Deviation, Variation, CoV, Mode, Median, Range, Inner
Quartile Range, Minimum, Maximum, 25th Percentile and 75th Percentile values.

FORMULA SALES (1000 Units)

AVG 9.89
STD DEV 4.59107
VAR 21.0779
CoV 0.46421
MODE 6 ,12
MEDIAN 9
RANGE 16
INNER QUARTILE RANGE 7.25
MIN 2
MAX 18
25TH PERCENTILE 6
75TH PERCENTILE 13.25

Task#3
Run Histogram (Frequency Analysis) on the data. And come up with Probabilities of each
frequency.

S.No Daily Sales Frequency Probability

1 2 5 5.00%
2 3 1 6.00%
3 4 6 12.00%
4 5 7 19.00%
5 6 10 29.00%
6 7 6 35.00%
7 8 9 44.00%
8 9 8 52.00%
9 10 6 58.00%
10 11 3 61.00%
11 12 10 71.00%
12 13 4 75.00%
13 14 3 78.00%
14 15 4 82.00%
15 16 6 88.00%
16 17 8 96.00%
17 18 4 100.00%

Chart Title
120.00%

100.00%
100.00% 96.00%
88.00%
82.00%
80.00% 78.00%
75.00%
71.00%
Probability

61.00%
60.00% 58.00%
52.00%
44.00%
40.00% 35.00%
29.00%

19.00%
20.00%
12.00%
5.00%6.00%

0.00%
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Sales Per Day

 DAILY SALES
Chart Title
12

10 10
10
9

8 8
8
7
No of Days

6 6 6 6
6
5

4 4 4
4
3 3

2
1

0
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Sales Per Day

Task #4
What is the different type of data, we are discussing in this lecture?
The Data being discussed in lecture (10&11) is Discrete & Continuous data, a sub type of
Quantitative data, to objectively determine probability component of Risk, which include
Cumulative Frequency Distribution, Percentage Cumulative Freq Dist, Probability Density
Function, Central Tendency Metrics, Quartiles, Variance, Discrete Theoretical Distributions,
Discrete Uniform Distributions, Poisson Distribution, Continuous Probability Distribution.