Unit_3_Assignment

# Unit_3_Assignment - Unit 3 Business Statistics Instructor...

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Unit 3: Business Statistics – Instructor Graded Project You must show your work on all problems. You may type your answer right into this document. Total points for project: 45 points. Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 3 . All Projects are due by Tuesday at 11:59 PM ET of the assigned Unit. NOTE: Project problems should not be posted to the Discussion threads. Questions on the project problems should be addressed to the instructor by sending an email or by attending office hours. Part I. Basic Computations 1. Monthly sales in thousands of dollars for women’s dresses at a local department store for last year were: Jan: \$125 Feb: \$214 Mar: \$236 Apr: \$801 May: \$595 June: \$550 July: \$645 Aug: \$732 Sep: \$1030 Oct: \$880 Nov: \$985 Dec: \$1750 a. Determine the mean monthly sales, rounded to the nearest whole thousand (4 points) Answer: (125+214+236+801+595+550+645+732+1030+880+985+1750)/12 = \$712 (thousand) b. Determine the median monthly sales? (3 points) Answer: Sort them: 125 214 236 550 595 645 732 801 880 985 1030 1750 Take the average of the two middle values, which are 645 and 732: \$688.5 (thousand) c. Determine the mode? (3 points) Answer: The mode common number, which there is no, so no mode.

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2. The data below shows the number of games played by a group of college volleyball players. Name
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Unit_3_Assignment - Unit 3 Business Statistics Instructor...

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