Free

Business -----Summarizing Data - Statistics Project Example

Comments (0) Cite this document
Summary
According to the report of AMA, we can conclude the following. From the period of 1980s to 2000 various changes have been noticed in the population structure. During the period population has grown by 5.2%. During the period, population growth rate of men is around 7% and for women it is around 3.3%…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Business statistics-----Summarizing Data
Read TextPreview

Extract of sample "Business -----Summarizing Data"

According to the report of AMA, we can conclude the following. From the period of 1980s to 2000 various changes have been noticed in the population structure. During the period population has grown by 5.2%. During the period, population growth rate of men is around 7% and for women it is around 3.3%. Seeing this one can assume that population growth stable and firm can have a good market in future.

During the same period income of people has also grown sharply. Overall impact is that median income increase is around 69%. Median income which was around $18000 in 1980s was increased to $42000 in 1990s and to further $62000 in 2000s.
Given this trend income is likely to increase and people now can afford more luxury items. The major increase was in people earning above $40000 and decline in the income below that range. This shows that this income is becoming a base-line income with time.

During the same period there has been increase in Asian ethnicity in the USA and decrease in other ethnicities. So, in developing country those snacks the taste of Asian community should be under great consideration and as they have increased by about 60% in 2000 when comparing with 1990s.

Similarly there has been a trend that people are moving towards buying their own house than living in rented house. This shows increase in Living Standard and Disposable income which mean that people will be able to afford the snacks if they are good.
As far as employment statistics are concerned there has been an increase in absolute number of people employed but percentage wise unemployment has risen which is not a good indicator. Those in work, Most of them drive themselves to work alone. This shows the increase in living standard as people are not using motor cycles to work and very few of them taking public transport to work. Most of the people take around 20-34 minutes to reach their work. Around 35% of the people in the USA are employed in either financial institution or in tertiary sector. This shows the USA economy is highly developed. Most of the people who work have either management jobs or are business operation specialists.

It is clear from the income survey that people in the USA are well to do. Each household on average earns around $115000 per anum. Each person earns around $69000 on average. Majority of the population in USA earns between $75000 and $200000. Most of the people in their middle age i.e from 40 to early 50s earning the max amount. It also shows that people when they start their career they earn low salaries but as their experience increases and more time they are in the job their salaries start increasing. They reach their maximum salaries in their middle ages. But after which salaries start declining and it reaches to a minimum once they are above 65 years of age.
Apart from all these variable inflation and cost of living should also be considered to reach at a better conclusion. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business statistics-----Summarizing Data Statistics Project”, n.d.)
Business statistics-----Summarizing Data Statistics Project. Retrieved from https://studentshare.org/miscellaneous/1505452-business-statistics-summarizing-data
(Business Statistics-----Summarizing Data Statistics Project)
Business Statistics-----Summarizing Data Statistics Project. https://studentshare.org/miscellaneous/1505452-business-statistics-summarizing-data.
“Business Statistics-----Summarizing Data Statistics Project”, n.d. https://studentshare.org/miscellaneous/1505452-business-statistics-summarizing-data.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business statistics-----Summarizing Data

Statistics Help Summarize Data

.../Latino groups; ii. People who are employed full-time spent more hours in 2011 on weekends and holidays watching television than those who were employed on a part-time basis; iii. In terms of income, individuals earning between $521 and $810 weekly watched television for a little over 3 hours per day on weekends and holidays in 2011. This accounts for the most hours spent viewing television on weekends and holidays. However, this is not very different from other income groups that spent between 2.5 hours to 3 hours per day on average watching television. REASONS FOR USING STATISTICS I believe that Rampell (2012) chose to use statistics because it provides a basis for summarizing...
3 Pages(750 words)Essay

Business Statistics

...Business Statistics – Correlation and Regression I. Introduction a. Correlation and regression have applications in various fields and business management is no exception. b. Regression, which identifies the numeric connection between the variables, is discussed in detail along with the method to formulate a straight line regression equation using the Least Squares method c. Hence the method to compute the coefficient of determination which gives a numeric value of the goodness of fit is included in the report II. Correlation refers to the degree of association between two variables. When two variables are said to be correlated, it indicates that there is a relationship or a pattern in...
2 Pages(500 words)Term Paper

Business Statistics

...will use both closed and open-ended questionnaires. Then clarify all questions to interviewees in order to elude misinterpretations. Thereafter, allow them to express their views without any form of biases. In addition, I will conduct personal interviews with the organizations managers’ while public interviews with other business organization workers. Finally, I will conduct personal observation through observing the progress of all companies that conduct advertisement and those that do not. I will apply multistage sampling technique because it will enable me in collecting large amount of data representing all the companies that advertise their products and those that do not. I will randomly choose the...
8 Pages(2000 words)Essay

Business statistics

...for the logged data From the data of unlogged the kurtosis and skewness is calculated according to following formula respectively. Use of Kurt in statistic formula and skew Skew = -0.33589 Kurt = 0.018428 Since from above data the gotten skewness is negative it shows that the left tail is longer. Since the kurtosis is positive, the curve is said to be relatively flat. Form the above data, we can still display ogive of the data. Bin Frequency Cumulative...
4 Pages(1000 words)Essay

Criminal Data and Statistics

...Criminal Data and Statistics Criminal records and data are utilized by various categories for different purposes. When it comes to politics, it determines whether how successful or failing the policies prescribed for criminal record and justice related policies are. When it comes to the working level, they are responsible to give the essential information in order to give the best way to assign the resources of the state. From the public point of view, it gives pointers which helps in judging the degree of the performance related to criminal justice. Hence, it is credible gadget to have a firm grip on accountability and keep a track of the different important players that are concerned...
5 Pages(1250 words)Essay

Summarizing and explaining the data

...Summarizing Data Comparing my score with national and scores Comparing my personal results with national and class students’ averages, I found a significant difference in it. Though at some points I was similar with my classmates but a distinctive difference was found when I compared my scores with national students scores and averages. For openness, I was two points above the national students and slightly below the class males’ averages. Comparatively, I was slightly lesser open minded than class males and more open-minded than national males and females. Awareness (extroversion) was the next thing I measured and compared and I found that I was quite similar in extroversion with national males and...
3 Pages(750 words)Essay

Summarizing

...Summarizing Kemal Artaturk Kemal Artaturk, also known as Mustafa Kemal in his original was the first president of Turkey, who reigned between 1923 and 1938. Kemal was a soldier and a statesman, who also turned out to be an ardent reformer (Kemal, 1). He is responsible for modernizing the country’s educational and legal system, as well as introducing the European culture in the country, such as having the Turkish language written in Latin alphabet, as well as having the Turks adapt European names. He was born in 1881 of a militant father who died when Kemal was just 7 years old, but nevertheless, he had managed to instil militarism in Kemal’s personality (Kemal, 2). His mother did everything to ensure that he gained...
5 Pages(1250 words)Essay

Summarizing

... Summary of monarchy in Middle East Monarchy as per Greek definition is a single rule or being alone. It means a one-person rule without assistants (Gause 90). The rule involves application of aristocracy, and there is no freedom. Istibdad is the Arabic term for monarchy. It is a form of political despotism. Istibdad changed the meaning in monarchy to despotic monarchy (Gause 90). Examples of this are a religious state becomes secular. That is the period of excessive oppression during monarchy ruling. Rulers have their own ways in their leadership procedures. Istibdad advocates for working along the rulers way in monarchy. Religious constitutions are important to these leaders because they act as their guidance. They view... Summary of...
2 Pages(500 words)Essay

Summarizing

...by John M.L. Reeves Considerable research in high speed surface crafts examined so far has been influenced by the Center for Naval Analysis (CNA). John Reeves (1983) explains the need for conceptual designs and cost models at the CNA. He establishes an understanding of the parameters considered in evaluating the models – displacement/gross weight, speed and end-costs. In addition, he provides a description of how CNA manages projects in this field and how data protection, staffing and documentation relate to management. Most importantly, a sneak peek into the need for future plans of CNA to deal with future needs of the U.S Navy has been given. References Baker, E. (1975). Notes of Design of Two Supercavitating...
5 Pages(1250 words)Research Paper

Statistics and Data Interpretation

...4BBY1060: Statistics and Data Interpretation This work is worth 10% of the module marks Using MS Word, or clear hand-writing, enter your answers to questions in the spaces provided. Insert all tables at the end of the document, making sure they are properly labelled and have appropriate legends. When complete, print the coursework and attach your CYO coversheet to the front (see the module booklet, p8 if you do not know how to do this). Also attach your hand-drawn histogram at the back, stapling everything together. The submission deadline is 2:00 PM, 16th March. Guidance on the use of Excel can be found on the 4BBY1060 coursework tab. Part A (cardiovascular data) [total 20 marks]: The data is provided separately as an Excel... ...
1 Pages(250 words)Statistics Project
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Statistics Project on topic Business statistics-----Summarizing Data for FREE!

Contact Us