Shorter University College of Business
BUS 3580 Business Statistics
Lesson #7 Assignment
Points Rubric
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this s
For each of the following variables, determine whether the variable is categorical or numerical. If
the variable is numerical, determine whether the variable is discrete or continuous.
a The number of TV's in a household
Discrete numerical
b Whether there
How important is statistics, data management, and data manipulation to future business
professionals? Why do you think this content is covered in your curriculum? Please give examples.
I believe statistics, date management, and date manipulation are extre
1) Please give your reason(s) and examples of why creating visual representations of data is
important.
Data visualization enables users to receive vast amounts of information regarding operational
and business conditions. Data visualization allows decisi
"Central tendency is the extent to which the values of a numerical variable group around a
typical, or central, value (Levine, 2016). When indicating average value, middle value or most
frequent value, people are referring to the mean, median, and mode, a
Central tendency is a statistical measure that identifies a single score as representative of an entire
distribution of scores. The goal of central tendency is to find the single score that is most typical or most
representative of the entire distribution
With the ever expanding world that is the business world there are many things that can set many
business professionals apart. Even with all the areas that can help business professionals set
themselves apart, the areas that I will focus on will be statis
Shorter University College of B
BUS 3580 Business Sta
Lesson #3 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #8 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #7 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #6 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #5 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #4 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #3 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #2 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Shorter University College of B
BUS 3580 Business Sta
Lesson #1 Assignment
Instructions: 1. Complete each of the tasks in the tabs below in this spreadsheet
2. Save the spreadsheet as BUS3580_Assn#_YourLastName
3. Upload this spreadsheet to "Lesson Homewo
Most every business decision you make relates to some aspect of probability. While your focus is on
formulas and statistical calculations used to define probability, underneath these lie basic concepts
that determine whether - and how much - event interac
Statistics, data management, and data manipulation is very important to future business
professionals for one, because data cannot be eliminated. Data, facts and statistics collectable for
analysis and reference, is used for numerous things. Because stati
There are three methods of calculating central tendency. Mean, or average of all the numbers in
the data set; Median, or the middle number in the given data set; Mode, or the number that
appears most often in the data set. By far the most often used metho
Why creating a visual representations of data is important? Reason(s)
Data visualization is the technique of gathering data into a group of illustrative graphs.
Visual representation of data is important because it captures the viewer attention,
giving a
Statistics, data management, and data manipulation are very important to future business
professionals. In fact, I would argue that business professionals must embrace and get behind
statistics, data management, and data manipulation to stay ahead in a co
Mean is probably the most overly used central tendency statistic as it is the most commonly used
(Levine, Szabat, & Stephen, 2015, p. 98). Mean, also known as the "average, is just a common
statistic that is used in many areas of business. However, many p
Historically, data was managed exclusively by IT departments. Any changes, additions,
discrepancies, etc. that needed to be addressed, were done so behind the scenes. Business units
submitted requests and then IT would implement the changes. With business
Data visualization is the method of consolidating data into one collective, illustrative graphic.
Traditionally, data visualization has been used for quantitative work (infographics are a popular
example) but ways to represent qualitative work have shown
With today's fast paced economy, businesses big and small need a way to gather and analyze data
as quickly and efficiently as possible. Statistics makes this possible. The effectiveness of the
analysis can be processed through data management, which is th
Data management is needed in order for a manager to understand the data they are
receiving.They must in turn be able to interpret the findings to their subordinates so that the
process will run smoothly.
The manipulation of the data is done after the data
Central tendency is defined as the statistical measure that identifies a single value as representative of
an entire distribution. It aims to provide an accurate description of the entire data. It is the single value
that is most typical/representative of
Most business intelligence software vendors embed data visualization tools into their products, either
developing the visualization technology themselves or sourcing it from companies that specialize in
visualization. The key to success in using data visu
Topic: To expand on last weeks discussion about why we study statistics. 1) Please give your
reason(s) and examples of why creating visual representations of data is important, 2) What are
some of the common "best practices" in creating visual representat
Business Statistics
Ledbetter College of Business
Binomial Distributions
Greg Richardson
Shorter University
Binomial Random Variables
1.
There are several special families of probability distributions that are
worth knowing something about. Well begin wit
Some Applications of the Standard Deviation
1.
The Sharpe Index (Sharpe Ratio)
Sharpe Index=
( r F )
= the mean of past rates of return on a certain investment
rF = the rate of return on a risk-free investment
= the standard deviation of past returns on