NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY

FACULTY OF COMMERCE

GRADUATE SCHOOL OF BUSINESS

MASTER OF BUSINESS ADMINISTRATION IN STRATEGIC

MANAGEMENT

STUDENT NAME : BUBELE SIZO MADLELA (N02314678E)

COURSE : QUANTITATIVE MANAGEMENT

COURSE CODE : BSM 5101

LECTURER : DR. F. CHINJOVA

 1. Median number of the bicycles sold monthly

16;18;18;19;20;24;25;30;30;36

Median position = n/2

=10/2

=5th position

=(20+24)/2

=22 bicycles

Interpretation: There are 5 months when bicycles sold were below 22 and 5 months when bicycles
sold were less than 22.

Mean of bicycles sold monthly

(16*1+18*2+19*1+20*1+24*1+25*130*2+36)*1/1+2+1+1+1+1+2+1

=236/10

=23.6

Interpretation: Therefore the mean is 23.6. this is the average number of bicycles sold per month
over the period.

b) Range of the number of bicycles sold monthly

36-16

=20

ii) Variance

Variance = 1/10-1(5962)-1/10(236)²

=1/9(5962)-1/10(236)²

=1/9(5962-5569.6)

=43.6

iii) Standard déviation

=√43.6

= 6.60
c) Coefficient skewness = 3(Mean-median)/Standard deviation

=3(23.6-22)/6.60

=0.72

The Skewness is positive which means that the tail of the distribution extends more to the right side
i.e. positive side.

d. Box plot

16;18;18;19;20;24;25;30;30;36

Lower quartile

n+1/4= (10+1)/4

=2.75th position

Lower Quartile =18+0.75(18-18)

=18 bicycles

Upper quartile

3(n)/4

=(3(11))/4

=8.25th

UQ= 30+0.25(30-30)

=30 bicycles

e. Lower quartile of the daily household’s electricity consumption

33;35;;37;38;40;43;43;43;44;46;47;48;50;51;51;55;55;58;60;61

Q=(20+1)/4

=5th +0.25

=40+0.25(43-40)

=40.75kWH
ii) Upper quartile of the daily household’s electricity consumption

= 3(20+1)/4

=15.75th

=51+0.75(55-51)

=54kWH

Question 2

Random variables Data type Measurement Discrete/continuous

scale

a) Ages of Athletes in a marathon Numeric Ratio scaled Continuous

b) Floor area of Pick and pay stores Numeric Ratio scaled Continuous

c) Highest qualification of employees in an Categorical Ordinal Discrete

organisation

d) Marital status of the employees Categorical Nominal Discrete

e) Different types of aircraft used by Air Categorical Nominal Discrete

Zimbabwe

f) Types of child abuse Categorical Nominal Discrete

(physical,sexual,emotional,verbal)

g) Performance appraisal rating scores Numeric Ordinal Discrete

assigned to employees

h) Ranked preferences of employees for Categorical Ordinal Discrete

three different pay schemes

i) Mass of potatoes in kgs Numeric Ratio scaled Continuous

j) Brand of coffee preferred Categorical Nominal Discrete

k) Time taken to travel to work Numeric Ratio scaled Continuous

l) Grades used to classify red meat Categorical Ordinal Discrete

 m) Monthly premiums payable on life Numeric Ratio scaled Continuous
assurance policies

Question 3

a) The random variable of interest is the number of readers selected who stated that they read
Fair Lady magazine regularly.

b) The population of interest is the National female readership of women magazines

c) The sample is the 2000 readers of women magazines

d) Sampling unit is readers of women magazines who were selected and interviewed

e) Percentage of readers that read Far Lady =(700/2000)*100

=35%

This is a statistic because it is derived from sample data. It is based on sample of 2000 readers not
the entire population.

f) The scenario requires descriptive statistics as it would help to describe the percentage of
readers who read Fairlady regularly based on the sample data collected.

Question 4

a) The random variables in this study include:

i. The advertising media used each week that is the types of channels used which include
press, pamphlets and magazines

ii. Weekly sales volume

iii. Number of adverts placed weekly

b) The random variable that is being predicted is the weekly sales volume.

c) The variables assumed to be related to the variable being predicted are:

i. The advertising media used each week

ii. The number of adverts placed each week

d) The statistical analysis suggested by this management scenario is the regression analysis which
will help determine the relationship between 2 or more variables and predict the value of one
variable based on the values of others

Question 5

156 185 189 193 212 225 225 230 242 248 250 250 255 265 280 285 285 285 290 300 300 310 315
324 325 340 350 360 376 395

a)

Class interval Frequency

150−≤200 4
201−≤250 8
251−≤300 9
301−≤350 6
351−≤400 3
Total 30

b)

Class interval Frequency % frequencies Cumulative %Cumulative

frequency frequency
150−≤200 4 13.3 4 13.3%
201−≤250 8 26.7 12 40%
251−≤300 9 30 21 70%
301−≤350 6 20 27 90%
351−≤400 3 10 30 100%
Total 30 100%

Ci) Percentage of office costs less than or equal to USD 200per metre

(4/30)*100

=13.3%

ii) Percentage that cost at most USD300

21/30)*100

= 70%

iii. Percentage that cost more than usd350

=(3/30)*100

=10%

Iv If a legal company that is looking to hire an office is prepared to pay between USD300 and USD400
per square metre they can consider 11 buildings