ch01 SOLUTION.pdf

ch01 SOLUTION.pdf - Chapter 1 Introduction to Statistics 1...

• 2

This preview shows page 1 - 2 out of 2 pages.

Chapter 1: Introduction to Statistics 1 Chapter 1 Introduction to Statistics 1.1 Examples of data in functional areas: accounting cost of goods, salary expense, depreciation, utility costs, taxes, equipment inventory, etc. finance - World bank bond rates, number of failed savings and loans, measured risk of common stocks, stock dividends, foreign exchange rate, liquidity rates for a single-family, etc. hr - salaries, size of engineering staff, years experience, age of employees, years of education, etc. marketing - number of units sold, dollar sales volume, forecast sales, size of sales force, market share, measurement of consumer motivation, measurement of consumer frustration, measurement of brand preference, attitude measurement, measurement of consumer risk, etc. is - c.p.u. time, size of memory, number of work stations, storage capacity, percent of professionals who are connected to a computer network, dollar assets of company computing, number of “hits” on the Internet, time spent on the Internet per day, percentage of people who use the Internet, retail dollars spent in e-commerce, etc. production - number of production runs per day, weight of a product; assembly time, number of defects per run, temperature in the plant, amount of inventory, turnaround time, etc. management - measurement of union participation, measurement of employer support, measurement of tendency to control, number of subordinates reporting to a manager, measurement of leadership style, etc. 1.2 Examples of data in business industries: manufacturing -size of punched hole, number of rejects, amount of inventory, amount of production, number of production workers, etc.

Subscribe to view the full document.

You've reached the end of this preview.
• Summer '18
• Keyur Popat

{[ snackBarMessage ]}

What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern