Create a histogram showing the distribution of costs

Assignment Help Basic Statistics
Reference no: EM13834233

Business Statistics

Minor Assignment

This assignment requires a considerable amount of computer work and written comment. You may need to seek guidance from your tutor along the way. Do not leave the Assignment until too late. Each question carefully describes what you are required to do, so please follow the instructions carefully. Your answer to each question should begin with the number of the question. Refer to the Assessment Criteria and General Marking Guide below for details.

In this assignment you will examine injury data obtained from a company that wishes to do some simple exploratory data analysis on the injuries sustained by its employees. Each time an employee is injured costs this company in time and money. This company hopes that by analysing the injury data their safety performance might improve. The data is contained in the file Employee Injury Data.xls and contains the following columns (variables):

Variable Description

Site Company workplace: 1 = City Site, 2 = Rural Site, 3 = Inter-state Site

Rpt Date Date the accident was reported

Days Lost Number of days off work lost due to the injury

Cost $ Cost of the injury to the Company

Age Age of the employee injured

Nature The type of injury

Mechanism How the injury occurred

Location The main part of the body where the injury occurred

Agency The most likely reason for the injury

Task 1: Variable List: Using the variables listed in the table above state whether the variable is qualitative or quantitative, and if it is quantitative also state whether it is discrete or continuous.

Costs of Injuries: One of the main concerns to the company is the costs associated with employee injuries.

Task 2: Histogram: Create a histogram showing the distribution of costs. Comment upon the shape of the distribution: is it symmetric? If it is not, is it positively or negatively skewed? Are there any outliers present? If so, are they of particular interest to the company?

Which central measure would be best to use to describe the centre of this distribution? Give reason(s) for your answer.

Task 3: Descriptive Statistics: Prepare a simple summary table that shows the average and standard deviation of injury costs for the three work sites. Construct side-by-side boxplots for the injury costs. Briefly comment upon any differences you observe in injury costs for each work site.

Task 4: Pivot Table: Construct one pivot table that shows how many injuries of each type occur at each site. Place nature of injuries in the rows, sites in the columns and a count of the nature of the injuries in the body of the table.

If the Company wanted to improve their safety record which injury types should they focus their attention upon at each site?

Conclusion: From the tasks above, you should have some idea of the safety performance of this company. In this section you should write a short paragraph summarising your main findings and provide a final recommendation about how this company might improve their 2marks safety record.

Reference no: EM13834233

Questions Cloud

Describe the biological aspects of the addictive substance : Description of Substance/Behavior: In this section, describe the biological aspects of the addictive substance or behavior. Your discussion should explain the addictive properties and include its primary effects on the brain and other organ systems i..
Supply and demand model of the wholesale gasoline market : Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Consider a supply and demand model of the wholesale gasoline market. If a tropical storm for..
Contemporary issue regarding abnormal psychology : For this discussion, you will enter into a conversation on another ongoing controversy and contemporary issue regarding abnormal psychology. Specifically, should gender dysphoria be included as a diagnosis in the DSM-5
Calculate profit at profit-maximizing price and quantity : A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
Create a histogram showing the distribution of costs : Create a histogram showing the distribution of costs. Comment upon the shape of the distribution: is it symmetric? If it is not, is it positively or negatively skewed?
Dollar is trading on the foreign exchange market : One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?
Fundamental laws and principles of physics : fundamental laws and principles of physics related to the complexity
Makes variable area flow meters that measure liquid-gas flow : Swagelok Co. of Solon, Ohio, makes variable area flow meters (VAFs) that measure liquid and gas flow rates by means of a tapered tube and float. If tooling and setup costs were $400,000 in year 0 and an additional $190,000 in year 3, determine the ex..
Determine that the ph of chyme : You determine that the pH of chyme in the duodenum is extraordinarily low, potentially due to excessively acidic chyme emptying from the stomach. Vagal nerve activity is normal. How could this be causing food to remain in the stomach for such a ..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Test the given claim using thep value method or critical

listed below are amounts of strontium-90 in mbq per gram of calcium. in a simple random sample of baby teeth obtained

  Policies restricting the use of cell phones

According to the National Restaurant Association, 20% of fine-dining restaurants have instituted policies restricting the use of cell phones. From a sample of 100 fine-dining restaurants,

  The life in hours of a magnetic resonance imagining

the life in hours of a magnetic resonance imagining machine mri is modeled by a weibull distribution with parameters

  Probability for colored balls in urn

An urn contains 8 green balls, 5 red balls, and 7 white balls. How many ways are there to draw a green ball or a red ball?

  1females in a certain class rated their intelligence with a

1.females in a certain class rated their intelligence with a mean of 6.5. the males in the same class rated their

  Information on significant difference

In order to test to see if there is any significant difference in the mean number of units produced per week by each of three production methods, the following data were collected:

  A random sample of 64 students at a university showed an

a random sample of 64 students at a university showed an average age of 25 years and a sample standard deviation of 2

  Explain what is so special about polynomials

The true population regression function, it isn"t. Before leaving this section we should ask and answer the following question. What"s so special about polynomials?

  Contingency table problem

If one person is selected at random, what is the probability that person is Female?

  Determine the t critical value for a two-sided confidence

determine the t critical value for a two-sided confidence interval in each of the following situations. round your

  A study found that 41 of assisted reproductive technology

a study found that 41 of assisted reproductive technology art cycles resulted in pregnancies. twenty-six precent of the

  Consider the model below for scheduling postal workers to 5

consider the model below for scheduling postal workers to 5 day shiftsminimize z mf ts wsu thm ft sw suthsubject

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd