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Summer Reading: The Birth of Plenty

The document discusses numerical techniques for organizing and presenting data. It covers 4 main numerical techniques: 1) measures of central location like mean, median and mode, 2) measures of variability like range, standard deviation and variance, 3) measures of relative standing (percentiles and quartiles), and 4) measures of linear relationship (covariance, correlation and regression lines). It provides an example of calculating the mean of a data set of car ages.

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56 views2 pages

Summer Reading: The Birth of Plenty

The document discusses numerical techniques for organizing and presenting data. It covers 4 main numerical techniques: 1) measures of central location like mean, median and mode, 2) measures of variability like range, standard deviation and variance, 3) measures of relative standing (percentiles and quartiles), and 4) measures of linear relationship (covariance, correlation and regression lines). It provides an example of calculating the mean of a data set of car ages.

Uploaded by

asd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Week’s Key Points:–Graphical Techniques last week–Numerical Techniques this week(Methodsof

organizing, summarizing, and presenting data in a convenient and informative way)(90% of the quiz
will be based on this lecture)Numerical Description of Data?Is mainly to do with numbers and data
sets.Centre and Dispersion of data sets involve summarising the data using numerical
measures.Measures which can be manipulated or analysed to help describe or make decisions about
a data set.What are the “4 Numerical Techniques-Objectives”?1.Measures of central location: Mean,
Median, Mode2.Measures of variability: Range, Standard deviation, Variance, Coefficient of
variation3.Measures of relative standing (next week): Percentiles, Quartiles4.Measures of linear
relationship (next week): Covariance, Correlation, Coefficient of determination, Least squares
regression lineUsing “mean” to figure out the average.(mew)List of ages (in months) of 21 cars:Data
set 1 12, 13, 17, 2, 23, 15, 27, 5, 11, 8, 13, 5, 20, 14, 3, 17, 8, 10, 21, 16, 13Smallest = 2Largest =
27Population Mean –(average) Made by Yash (so it’s not perfect)

ere are many compelling reasons that companies look to developing


countries for growth. Less-developed countries hold the promise of large,
fast-growing consumer markets (e.g., the BRICs); an abundance of cheap
labor; and access to otherwise unavailable natural resources. Managers
are often lured by this unbridled potential.

But there is a reason these countries are considered “developing” –


largely because of the under-developed state of their institutional
environments (see also Summer Reading: The Birth of Plenty).

Although developing markets hold jaw-dropping p

ere are many compelling reasons that companies look to developing


countries for growth. Less-developed countries hold the promise of large,
fast-growing consumer markets (e.g., the BRICs); an abundance of cheap
labor; and access to otherwise unavailable natural resources. Managers
are often lured by this unbridled potential.

But there is a reason these countries are considered “developing” –


largely because of the under-developed state of their institutional
environments (see also Summer Reading: The Birth of Plenty).

Although developing markets hold jaw-dropping p

ere are many compelling reasons that companies look to developing


countries for growth. Less-developed countries hold the promise of large,
fast-growing consumer markets (e.g., the BRICs); an abundance of cheap
labor; and access to otherwise unavailable natural resources. Managers
are often lured by this unbridled potential.

But there is a reason these countries are considered “developing” –


largely because of the under-developed state of their institutional
environments (see also Summer Reading: The Birth of Plenty).

Although developing markets hold jaw-dropping p

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