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yulyashka [42]
3 years ago
10

Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.

Business
1 answer:
Hitman42 [59]3 years ago
5 0

Answer:

Option 1

\bar x_1 = 96.2

Mode = 99

\sigma_1 = 3.22

Option 2

\bar x_2 = 97.4

Mode = 97

\sigma_2 = 0.499

Explanation:

Given

Option\ 1: 99, 98, 99, 94, 92, 99, 98, 99, 94, 90

Option\ 2: 98, 97, 97, 97, 98, 98, 97, 97, 98

Required

The mean, mode and standard deviation of both options

Option 1

<u>Calculate mean</u>

\bar x = \frac{\sum x}{n}

\bar x_1 = \frac{99+ 98+ 99+ 94+ 92+ 99+ 98+ 99+ 94+ 90}{10}

\bar x_1 = \frac{962}{10}

\bar x_1 = 96.2

<u>Calculate mode</u>

Mode = 99

Because it has a frequency of 4 (more than other element of the dataset)

<u>Calculate standard deviation</u>

\sigma = \sqrt{\frac{\sum(x - \bar x)^2}{n}}

\sigma_1 = \sqrt{\frac{(99-96.2)^2 +.............+(90-96.2)^2}{10}}

\sigma_1 = \sqrt{\frac{103.6}{10}}

\sigma_1 = \sqrt{10.36}

\sigma_1 = 3.22

Option 2

<u>Calculate mean</u>

\bar x = \frac{\sum x}{n}

\bar x_2 = \frac{98+ 97+ 97+ 97+ 98+ 98+ 97+ 97+ 98}{9}

\bar x_2 = \frac{877}{9}

\bar x_2 = 97.4

<u>Calculate mode</u>

Mode = 97

Because it has a frequency of 5 (more than other element of the dataset)

<u>Calculate standard deviation</u>

\sigma_2 = \sqrt{\frac{(98-97.4)^2+..............+ (98-97.4)^2}{9}}

\sigma_2 = \sqrt{\frac{2.24}{9}}

\sigma_2 = \sqrt{0.2489}

\sigma_2 = 0.499

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6 0
10 months ago
According to the PMQ Pizza Magazine, an estimate of pizza sales in the United States for the top 100 pizza companies was $44.3 b
shusha [124]

Answer:

PMQ Pizza Magazine

Estimate of Pizza Sales in the United States for top 100 pizza companies

a. Computation of the sales per franchise unit:

Name of company              Units          Sales      Sales per Franchise unit

Domino's                           14,490       12,252           $0.845

Pizza Hut                           16,336       12,034              0.737

Little Caesars Pizza            5365        4,000              0.746

Papa John's International   5071        3,695              0.729

California Pizza Kitchen       260           840              3.231

b. Frequency distribution based on total sales:

Frequency               Sales ($ millions)

O up to 1750                      840

1750 up to 3500                    0

3500 up to 5250           7,695

5250 up to 7000                  0

7000 up to 8750                  0

8750 up to 10500                0

10500 up to 12250     12,034

12250 up to 14000     12,252

Total sales                 32,821

c. Frequency distribution of companies based on per unit sales:

Frequency Per unit sales ($ millions)

0.0 up to 0.5               0

0.5 up to 1                    4

1 up to 1.5                     0

1.5 up to 2                     0

2 up to 2.5                   0

2.5 up to 3                    0

3 up to 3.5                    1

3.5 up to 4                   0

Total                          5

Explanation:

a) Data and Calculations:

Total estimated sales in 2018 = $44.3 billion

Top 5 Companies Total gross sales in $ millions.

Name of company              Units          Sales      Sales per Franchise unit

Domino's                           14,490       12,252           $0.845 (12,252/14,590)

Pizza Hut                           16,336       12,034              0.737 (12,034/16,336)

Little Caesars Pizza           5,365        4,000              0.746 (4,000/5,365)

Papa John's International  5,071        3,695              0.729 (3,695/5,071)

California Pizza Kitchen       260           840              3.231 (840/260)

b. Frequency distribution based on total sales:

Frequency               Sales ($ millions)

O up to 1750                      840

1750 up to 3500                    0

3500 up to 5250           7,695

5250 up to 7000                  0

7000 up to 8750                  0

8750 up to 10500                0

10500 up to 12250     12,034

12250 up to 14000     12,252

Total sales                 32,821

c. Frequency distribution of companies based on per unit sales:

Frequency Per unit sales ($ millions)

0.0 up to 0.5               0

0.5 up to 1                    4

1 up to 1.5                     0

1.5 up to 2                     0

2 up to 2.5                   0

2.5 up to 3                    0

3 up to 3.5                    1

3.5 up to 4                   0

Total                          5

7 0
3 years ago
Suppose the price of a bag of tortilla chips decreases from $3.00 to $2.50 and, as a result, the quantity of tortilla chips dema
Tresset [83]

Answer:

2.20

Explanation:

The Price elasticity will be:

Δdemand/ΔPrice

<u>The mid point is used to calculate the increases.</u>

Δdemand = ΔQ/midpointQ

(Q2+Q1)/2 = mid point quantity = (300+ 200)/2 = 250

ΔQ = 300-200 = 100

Δdemand = 100/250 = 0.4

<u>Same procedure is applied with the Price numbers:</u>

Δprice = ΔP/midpointP

(P2+P1)/2 = mid point price = (3+ 2.5)/2 = 2.75

ΔP = 2.5-3 = 0.5

Δprice = 0.5 / 2.75 = 0.181818

FInally we calculate the price elasticity:

Δdemand/ΔPrice

0.4/0.1818181818 = 2.2

4 0
3 years ago
A local swimming pool charges nonmember $10 per visit. If you join the pool, you can swim for $5 per visit but you have to pay a
ratelena [41]

Answer:

The answer is below

Explanation:

Using an optimal choice model to find the value of F such that you are indifferent between joining and not joining.

Let N be the number of visits per year

1) N-number of visits per year 10N=5N+F

Given that 10N=5N+F

Hence F=5N

F = 5N

2) Therefore, Would I go to the pool more or fewer times than if i did not join?

Then, if F is fixed and I join the local Swimmng pool member, I would go more times.

7 0
3 years ago
Which one of the following is not a physical control? Group of answer choices Bank safety deposit boxes for important papers Ind
VashaNatasha [74]

Answer: Independent bank reconciliations.

Explanation:

A bank reconciliation is a process by which the records of a bank account are verified to be correct, by comparing the personal records with the records that appear on the bank statement. This process is usually done independently when a company wants to audit its accounts and reconcile its processes.

Because this is a review of bank accounts (savings, payroll, checking accounts), no physical control is needed to do it, but rather a monetary control.

<em>I hope this information can help you.</em>

7 0
3 years ago
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