BBA 2k11 (A)

Business Statistics
Assignment 1
Descriptive Statistics

Harris Atta & Hasan Shahzad

Business Statistics Assignment 1March 14, 2012

Q 1. A) Number of observations in data set: 50

B)

25.182
25.196
25.238
25.245
25.272
25.371
25.382
25.401
25.446
25.508
25.529
25.579
25.593
25.635
25.638
25.647
25.658
25.707
25.707
25.736
25.750
25.752
25.752
25.773
25.793
25.799
25.814
25.834
25.835
25.839
25.856
25.874
25.998
26.015
26.050
26.063
26.088
Business Statistics Assignment 1March 14, 2012

26.099
26.121
26.159
26.162
26.197
26.201
26.204
26.228
26.228
26.298
26.384
26.464
26.482

C) Maximum = 26.482, Minimum = 25.182

D) Range = Maximum – Minimum = 26.482-25.182 = 1.3

E) Recommended number of classes = 6 (because 2^6 > 50)

F) Recommended class interval: (26.5-25)/6 = 0.25

G) Lower limit of the first class: 25

H)

Frequenc
Bin y
25-25.25 4
25.25-25.5 5
25.5-25.75 11
25.75-26 13
26-26.25 13
26.25-26.5 4
Business Statistics Assignment 1March 14, 2012

Frequency
14

12

10

8 Frequency

0
25-25.25 25.25-25.5 25.5-25.75 25.75-26 26-26.25 26.25-26.5

The histogram is negatively skewed, with the greatest number of values lying within the 25.75
to 26.25 region.

Q 2. A) 20th percentile of the data: 25.524

B) First quartile of the data: 25.6039

C) Second quartile of the data: 25.796

D) Median of the data: 25.796

E) 50th percentile of the data: 25.796

F) The answers in part C, D and E are the same. This is because the terms second quartile,
median and 50th percentile all denote the middle value of a data set.

G) Third quartile: 26.096

H) Inter-quartile range = Q3 – Q1 = 0.5

Business Statistics Assignment 1March 14, 2012

27.000

26.500

26.000 Max
Q3
Q2
25.500 Q1
Min

25.000

24.500
1
I)

J) The box plot is slightly negatively skewed, as can be seen from the chart shown above.