Managerial Statistics - MBA

Assignment Task

Questions

1. Explain the difference between discrete and continuous data?

2. The amount of money spent by the first customers at a popular clothing shop are recorded in the frequency distribution below?

3. Using examples, differentiate between probability sampling methods and non- probability sampling methods?

4. The primary purposes of an index number are to provide a value useful for comparing magnitudes aggregates of related variables to each other, and to measure the changes in these magnitudes over time. Discuss some of the limitations on the use and interpretation of index numbers?

5. The IQs of the population in South Africa are known to be normally distributed with a mean of and a standard deviation of A group of  people living in a remote rural area in KwaZulu-Natal are found to have an average IQ of Test a level of significance if this is group unusual?

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