Unit 3 Business Statistics–Instructor Graded Project Business Math - 19822

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Unit 3: Business Statistics–Instructor Graded Project Business Math

Business Math

 

You must show your work on all problems.  You may type your answer right into this document.

Total points for project:  45 points.

Projects must be submitted as a Microsoft Word document and uploaded to the Dropbox for Unit 3.
All Projects are due by Tuesday at 11:59 PM ET of the assigned Unit.

NOTE: Project problems should not be posted to the Discussion threads. Questions on the project problems should be addressed to the instructor by sending an email or by attending office hours.

Part I.   Basic Computations

 

  1. Monthly sales in thousands of dollars for women’s dresses at a local department store for last year were:

Jan:  $125

Feb: $214

Mar: $236

Apr:  $801

May:  $595

June: $550

July:  $645

Aug:  $732

Sep:  $1030

Oct: $880

Nov:  $985

Dec:  $1750

 

a.       Determine the mean monthly sales, rounded to the nearest whole thousand (4 points)

Answer:

 

 

b.      Determine the median monthly sales?  (3 points)

Answer:



c.       Determine the mode? (3 points)

Answer:

 


 

  1. The data below shows the number of games played by a group of college volleyball players.


Name

GamesPlayed

J. Rath

82

L. Patrone

68

S. Kandefer

110

J. Waldron

119

E. Braun

124

A. Street

116

B. Rowan

113

A. Pinak

67

L. Schwach

133

B. Smith

131

M. Lesser

124

K. O\'Connor

18

V. Petko

110

R. Moore

127

K. Cooper

135

Name

GamesPlayed

C. Worth

113

A. Baker

113

A. Kamsch

76

M. Springer

154

C. Sullivan

67

J. Pike

52

A. DiPoala

143

K. Parish

18

C. Schiavello

112

J. Brown

41

S. Jokajtys

81

E. Amand

45

L. Kraft

81

K. Sessions

52




 

Create a frequency distribution for the number of games played, using the intervals shown.  Compute the frequency and relative frequency.

Range

Frequency
(5 points)

Relative Frequency
(5 points)

< 44

 

 

45 – 69

 

 

70 – 84

 

 

85 – 99

 

 

100 – 114

 

 

115 - 129

 

 

130 – 144

 

 

> 145

 

 

 


Part II.  Case Study

  1. A small fullfillment company provides promotion services to local businesses that offer mail-in offers to their customers.  For example, a soft-drink manufacturer might decide to offer a free beach towel to their customers who purchase 5 of their 1-liter soft drink bottles.   The fulfillment company will store all the beach towels in a big warehouse.  The customer is instructed on the mail-in offer to send their proof-of-purchase to the fulfillment company.  The fulfillment company handles all the shipping and handling of the beach towels and sends the products directly to the customers. 

    The fulfillment company employs 20 people with the following annual salaries:

 

Solution Description
  1. Monthly sales in thousands of dollars for women’s dresses at a local department store for last year were:

Jan:  $125

Feb: $214

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Unit 3 Business Statistics–Instructor Graded Project Business Math.docx
Unit 3 Business...