# Calculate quartiles percentiles correlation coefficient and use to draw useful conclusions in a busi

22 – analyse the results to draw valid conclusions in a business context 23 – analyse data using measures of dispersion to inform a given business scenario 24 – explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context. 45 quartiles and percentiles percentiles quartiles are useful and they help to describe the distribution of values as we will see later (i must use the . Percentiles: percentiles have a similar concept and therefore, are related eg, the 25th percentile corresponds to the first quartile q1, etc the advantage of percentiles is that they may be subdivided into 100 parts. Percentiles and the correlation coefficient are used to draw useful conclusions in a business context quartile: „quartile represents the middle value between two quarters of a distribution‟ (dransfield000 to £800. 1/21%# using these results# 1nalyse the collected data using the measures of dispersion method0 mode and frequency distributions of the collected data -2 percentiles and the correlation coefficient can be used to draw conclusions from the data and information you have analysed# 24 explain how quartiles3% 6# 4xplain how quartiles either .

P24 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context according to anderson et al (2012), quartile use to separate data in two quarters. Statistics chapter 3 (bentley) the correlation coefficient (sample and population) these procedures enable us to use simple arithmetic and easy-to-draw . Apply a range of techniques to analyse data effectively for business purposes 21 create information for decision making by summarising data using representative values 22 analyse the results to draw valid conclusions in a business context 23 analyse data using measures of dispersion to inform a given business scenario 24 explain how . (ii) either calculate the correlation coefficient manually or produce it on the scatter diagram comment whether there is a link between road deaths and the number of vehicles on the road.

Answer to explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions. Percentiles and quartiles different algorithm to calculate percentiles and quartiles than you find in most statistics books function you would like to use . Draw conclusions: a she has inadequate experimental control the correlation coefficient: a indicates the average y z-score for each x z-score psy 295 129 .

Basic statistics for business and economics methods of using information from a sample to draw conclusions regarding the population use a table, calculator . Carry out suitable calculations to draw useful and realistic conclusions and provide valid recommendations your calculations must include quartile, percentiles and the correlation coefficient explain how these calculations helped you to draw useful conclusions. Wgu intro to probability and statistics can draw causal conclusions from this kind of study calculate the correlation coefficient. The interpretation of quartiles and percentiles july 2009 for more •median comparisons and draw than one set of data, •mode conclusions, inclusive inclusive . Unit 06: business decision making 24 explain how quartiles, percentiles, and the correlation coefficient are used to draw useful conclusions in a business .

Calculate quartiles percentiles correlation coefficient and use to draw useful conclusions in a business context population we often use information concerning a sample to make an inference (conclusion) about the population parameter - describes a characteristic of the population, eg: the population variance statistic- describes a characteristic of a sample, eg: the sample variance . B) analyse the results of the survey and draw conclusions c) analyse the data using measures of dispersion d) explain how you can use quartiles, percentiles and the correlation coefficient to draw useful. Explain how quartiles percentiles and the correlation coefficient are used to draw useful conclusions in a business context advertising for mr ma's soe tv company.

## Calculate quartiles percentiles correlation coefficient and use to draw useful conclusions in a busi

Chapter 3 descriptive statistics: numerical measures correlation coefficient 2 slide 3 n measures of location •mean, median, mode, percentiles, quartiles. 24 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context 13 31 produce graphs using spreadsheets and draw valid conclusions based. 24 explain how quartiles, percentiles and correlation coefficient are used to draw useful conclusions in a business context lo 3 be able to produce information in appropriate formats for decision in an organisational context.

- Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context course unit no unit name unit code batch.
- P7 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context p12 use appropriate information processing tools you have now successfully collected figures for the annual sales and operating profits of sainsbury’s for the financial years ended 1998 to 2012.

Calculate the quartiles and percentiles correlation coefficient and interpret draw a scatterplot and other statistical charts make decision and draw conclusions . 24 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context quartile: „quartile represents the middle value between two quarters of a distribution‟ (dransfield, 2003). 24 explain how quartiles, percentiles, and the correlation coefficient are used to draw useful conclusions in a business context in order to measure the spreadsheet of a data, the measures of dispersion are used. 24 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context lo3 be able to produce information in appropriate formats for decision making in an organisational context.