What does it imply if the median is different from the mean

Assignment Help Operation Management

Reference no: EM133500123

Case Scenario:

The first step in creating meaningful information to develop a business report for decision making. The business report includes the analyzed raw data, effectively presents the analysis results in text and graphical format, as well as calculate any required statistics.

The second step is interpreting and explaining the graphs and statistics to understand the impact in the practical business context.

In the last assessment, you were asked to create the first part of your business analytics report by introducing a company, analyzing company stock data, developing graphs, and calculating some descriptive statistics.

In this assessment, you will adjust your business report to minimize limitations of one year's worth of data. You will use the same company for this assessment and you will use 5 years of data!

You will also enhance your introduction or business context section of your business report based on your new graphs and your interpretation of the data graphs and descriptive statistics over a five year period. Your interpretation efforts of graphs and descriptive statistics will explicitly connect in the conclusion area. Conclusions and recommendations are the final effort in the development of a practical business report and should be supported by citations. Remember that opinion is not allowed.

Your Role
Your supervisor has asked you to prepare a report for the quarterly company meeting. The first part of the task was to download the data and create scatterplots and histograms, and to calculate mean, median, and mode of 5 years of stock prices for your report. Now you must analyze and interpret those graphical representations of the company stock and write the report of your findings and recommendations for your supervisor.

You are an analyst using the same company and five years of stock data. Having accessed the company data and placed it in an appropriate graphical format, you must now use descriptive statistics and analysis to develop a report to inform business decisions.

Instructions
After reviewing and integrating your instructor's feedback on your previous Assessment, complete the report as follows:

Question 1:For each graph you created, write at least one well supported paragraph interpreting the graph: What does that graph represent? What does the shape of the graph tell you about how the data have changed over time?
For each statistic you calculated, include at least two to three well-supported sentences explaining what the statistic represents:

Question 2: What does the mean tell you? How do you know?

Question 3: What does it imply if the median is different from the mean?

Question 4: What does the standard deviation tell you about the volatility of the data?

Question 5: Write a new conclusions section in which you explain how these interpretations can be used in the company:
What are some trends about which company leaders should be aware?

Question 6: How might the information you have provided be used in decision making in the company?
What are other analysts indicating about the stock?

Reference no: EM133500123

Questions Cloud

How does the incident command system operate : How does the Incident Command System operate and collaborate with all levels of government and the private sectors during a wildfire incident?

Why you think the business is using the pricing strategy : Match each business with the pricing strategy that you believe the business is using. Discuss why you think the business is using the pricing strategy

Explain how criminology is conceptualised : Explain how criminology is conceptualised from both a legal and non-legal perspective, and then offer integrated definition of criminology that includes both

Find an interesting recent news story : Find an interesting recent news story or article related to a Cyber Law 406 topic

What does it imply if the median is different from the mean : What does the shape of the graph tell you about how the data have changed over time? For each statistic you calculated, include at least two to three

Is it the him director or the privacy officer : responsible for managing the overall process of the release of information and access controls. Is it the HIM Director or the Privacy Officer

Where did the erm program break down : checking and savings accounts, credit cards and lines of credit without the customer's permission.... Where did the ERM program break down

Consider how you can best communicate the results : consider how you can best communicate the results that you wrote about in your previous assessment. Review any feedback you received on your first assessment

Roles and responsibilities are associated with each person : Roles and responsibilities are associated with each person in a tenancy arrangement. Choose the responsibilities from the table below. Some responsibilities

User Account

All Pages