the lower ranges of stock volume, the histogram is greatly skewed to the right. This indicatesuneven distribution of data points and difficulties in speculating the trends of daily stockvolumes of Microsoft. It is clear that the histogram is skewed toward the right, showing thatlarger number of stock volume data points are falling on the lower ranges of the given daily
12APPLYING ANALYTIC TECHNIQUES TO BUSINESSstock volume. This shows that the histogram is obviously positively skewed with medianbeing lower than mean. With more than 70% of data points falling on the lower bin of thetrading stock volume, it is clear that histogram is significantly skewed toward the right,showing uneven distribution and challenges in speculating the stock volume of AppleCorporation. Larger number of stock trading number lies between 21,000,000 and30,000,000. This shows that the Apple stock that traded at higher shares in that bin, and isconsidered a high volume stock. Smaller number of shares for Apple were traded between91,000,000 and 100,000,000. This shows that the stock traded at fewer shares at that range.Descriptive Statisticsi.Mean, median, mode, and standard deviation of the adjusted daily closing stock price Mean190.82Mode172.18Median195.50Standard deviation 21.13Mean is the average of the data set. In this, the average adjusted daily closing stockprice is $190.82. The stock price that appears frequently is $172.18, and the median is $195.50.The standard deviation indicates how the data set is spread out from the mean. In this case, thestandard deviation is 21.13. The low standard deviation indicates that the adjusted daily closingstock prices are closer to the average stock price.DiscussionThe average or mean value of the data set of Apple’s adjusted closing stock prices is$190.82, showing the stock has healthy market position in the technology market. It is a clear
13APPLYING ANALYTIC TECHNIQUES TO BUSINESSindication of the stable growth of Apple Corporation in profits and revenue over the year(Lind,Marchal & Wathen, 2019). Whilst mean refers to the average value of the given dataset, medianrefers to the specific data point that relates to the middle value in that dataset. Median for Apple’sadjusted closing stock prices is $195.50, which is higher than average value, showing significantoccurrence of outliers on the lower range of the adjusted closing prices. This specificallypinpoints the occurrence of fluctuations in stock value of Apple Corporation. Also, thissignificant difference in median and mean shows asymmetry in the scattering of values for dailyadjusted closing prices. Mode indicates the number that appears frequently. The mode ofadjusted daily stock prices is $172.18.The standard deviation for the Apple’s adjusted closing stock prices is $21.13. Incomparison to the mean stock price of $190.82, the volatility of stock is 11.07%. Standarddeviation represents the volatility of the stock prices, and thus, assists understand risk levelinvolved when investing the stock(Lind, Marchal & Wathen, 2019). The calculated standarddeviation shows the incidence of significant risk in buying Apple’s shares.ii.
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