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Managing Data of A+Retailing TLD - Assignment Example

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The author of the "Managing Data of A+Retailing TLD" paper as Executive Analyst of A+Retailing TLD calculates the mean, range, standard deviation, mode, and median, produces at last two graphic representations from the data, writes a report discussing these summary statistics in the context of the data…
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Managing Data of A+Retailing TLD
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Download file to see previous pages This is also true for the median values of the industries. The median values of turnover for Micro, Small, Medium and large industries are £420,839, £608,300, £1,275,295and £1,587,901respectively. This indicates that as the more number of employees work for the industries the median values of the turnover also increases.
However, the range values of turnover display an important pattern for the industries. The range values of turnover for Micro, Small, Medium and large industries are £849,571, £675,711, £432,838 and £1,462,188 respectively. This indicates that the ranges of turnover are very high for Micro industries as compared to Small and Medium industries. Again, the range of turnover for large industries is very high. Therefore, it is observed from the analysis that range decreases from Micro to Medium industries and again increases for the large industries.

The Scottish Hospital Board has collected data from fourteen different hospitals to develop a regression model that could be used to predict annual total hospital expenses. Although there were a variety of factors that were related to total expenses, two factors were used for their research: the total number of beds in the hospital and the total number of admissions (per year)

The values 0.0231 and 0.6539 obtained are the coefficient of Number of Beds and Admissions respectively in the regression equation of the model. Now, if the Number of Beds is kept constant and admissions are increased, then for 1000 admissions, there will be an increase of £6.539 million in total expenses. Similarly, if Admissions are kept constant and the Number of Beds increased, then for 100 beds, there will be an increase of £2.31 million in total expenses. Therefore, the increase in Admissions plays a contribution that is more significant in total expenses.
From Table 2, the value of R2 is 0.9749. ...Download file to see next pagesRead More
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