Explain how quartiles percentiles and the correlation coefficient are used to draw useful conclusion

explain how quartiles percentiles and the correlation coefficient are used to draw useful conclusion 24 explain how quartiles, percentiles and correlation coefficient are used to draw useful conclusions in a business context identifies quartiles, percentiles and correlation coefficients and explains how they are used to draw useful conclusions m2.

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. Question 8: from the above questions’ calculations done by you, explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context(criteria 24) lo 2 understand a range of techniques to analyse data effectively for business purposes the following criteria will be addressed while answering the questions enumerated above. 14 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context 1 percentiles and the correlation coefficient are used to draw useful conclusions in a business context lo 2 21 produce graphs using spreadsheets and draw valid conclusions based on the information. B) analyse the results to draw valid conclusions in your chosen business project (ac 22) c) analyse data using measures of dispersion to inform the given business project (ac 23) d) explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in your chosen business project (ac 24.

Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context produce graphs using spreadsheets and draw valid conclusions. 23 describe how quartiles, percentiles, correlation coefficient are used to draw useful conclusions in a business context quartiles: a quartile is a type of quantile. 24 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context 31 produce graphs using spreadsheets and draw valid conclusions based on the information derived.

The lower quartile is the value between the first and second quarter page 13 of 25 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. 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 12 describe and justify the survey methodology and frame used. 24 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in business context 3 be able to produce information in appropriate formats for decision making in an organisational context. Quartile, percentile and correlation coefficient use to draw useful conclusion in a business decision making it is used to evaluate risk taking capability and project vulnerability of the company in determined manner (simmons, 2011.

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 student assignment covering form course/unit information pearson (edexcel) btec level 5 higher national diploma unit 6 business decision maki. Explain how these calculations helped you to draw useful conclusions scenario: a restaurant chain plans to open its second restaurant in london to ensure this is a viable move, the shareholders are keen to understand the market therefore you are asked to carry out a planned data collection and data analysis to help the board [. 45 quartiles and percentiles which gets rounded up to 4 thus, i take the 4th number (ie 4) to be the upper quartile percentiles quartiles are useful and they help to describe the distribution of values as we will see later the lower quartile is the same as the 25th percentile, the median is the same as the 50th percentile, and.

3 slide 5 mean n the mean of a data set is the average of all the data values n the sample mean x is the point estimator of the population mean m number of observations in the sample sum of the values of the n observations xi x n = ∑ number of observations in the population. 0 24 explain how quartiles, percentiles and correlation coefficient are used to draw useful conclusions in a business context 0 identifies quartiles, percentiles and correlation coefficients and explains how they are used to draw useful conclusions m2 0. Percentiles • a percentile is any of 99 values which divide a sorted data set into 100 equal parts, so that each part represents 1/100 of the data set • if 70% of the population is shorter than you, then your height is said to be at the 70th percentile. 24 explain how quartiles, percentiles and correlation coefficient are used to draw useful conclusions in a business context 3 be able to produce information in appropriate formats for decision in an organisational context. 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.

Unit 06: business decision making a business context 23 analyse data using measures of dispersions 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 : 3. In business, good decision making requires the effective use of information this unit gives learners the opportunity to examine a variety of sources and develop techniques in rel. • explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context section 3 produce information in appropriate formats for decision making in an organisational context. Quartile is a useful concept in statistics and is conceptually similar to the median the first quartile is the data point at the 25 th percentile, and the third quartile is the data point at the 75 th percentile the 50 th percentile is the median.

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. (small and large) with interpretation of the results 2 23 efficiently use of data for calculations such as quarantines, percentiles and correlation coefficients and interpret the results 2 lo3 be able to produce information in appropriate formats for decision making in an organization. 2 4 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context quartile: 'the quartile stands for the value (middle value) between two quarters of a. 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.

Calculation: use of quartiles, percentiles, correlation coefficient 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. 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. 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.

Explain how quartiles percentiles and the correlation coefficient are used to draw useful conclusion
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