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Math 410 Module 2 Option1

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Running head: BUSINESS PROFITS 1
Business Profits
XXX
MTH410 Quantitative Business Analysis
Colorado State University Global Campus
Abdol Daghighi
May 6, 2018

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BUSINESS PROFITS 2
Business Profits
Business statistics is used in various ways to help in quality assurance, financial analysis,
productions and operations along with many other uses in the business field. The data provided
by the research firm LL Research has a list of businesses with profits for two years along with
employee turnover and an average change in daily visits.
Basic statistics in yearly profits.
The analysis of 200 businesses in the years of 2015.
The mean for the yearly data is 5660.395. That was calculated by formula
The meaning of this mean is the average in profits the busineses made out of those twoo
hundred busineses is $5,660 million.
The medican of the yearly data is 5922. That was calculated by formula (n + 1) ÷ 2
The meaning of this median is that the profits produced in the middle of the collected 200
hundred businesses. Between the highest profit and lowest profits out of those two businesses the
middle profits are $5,922 million.
The first quartile out of the yearly data is 2407.36. It was calculated by the formula
.25(n+1)
The meaning of this quartile data is out of the 200 hundred businesses the top 25% is
$2407 million in profits.
The third quartile of the yearly data is 8937.36. It was calculated by formula
.75(n+1)

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Running head: BUSINESS PROFITS 1 Business Profits XXX MTH410 – Quantitative Business Analysis Colorado State University – Global Campus Abdol Daghighi May 6, 2018 BUSINESS PROFITS 2 Business Profits Business statistics is used in various ways to help in quality assurance, financial analysis, productions and operations along with many other uses in the business field. The data provided by the research firm LL Research has a list of businesses with profits for two years along with employee turnover and an average change in daily visits. Basic statistics in yearly profits. The analysis of 200 businesses in the years of 2015. The mean for the yearly data is 5660.395. That was calculated by formula The meaning of this mean is the average in profits the busineses made out of those twoo hundred busineses is $5,660 million. The medican of the yearly data is 5922. That was calculated by formula (n + 1) ÷ 2 The meaning of this median is that the profits produced in the middle of the collected 200 hundred businesses. Between the highest profit and lowest profits out of those two businesses the middle profits are $5,922 million. The first quartile out of the yearly data is 2407.36. It was calculated by the formula .25(n+1) The meaning of this quartile data is out of the 200 hundred businesses the top 25% is $2407 million in profits. The third quartile of the yearly data is 8937.36. It was calculated by formula .75(n+1) BUSINESS PROFITS 3 The meaning of this quartile data ...
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