What are the means for the two data sets

Assignment Help Marketing Management
Reference no: EM131013913

Problem 1) The following data were collected on scores (out of a possible 100) for a pretest in quantitative methods. Using Excel's statistical functions complete the following questions.

ARRIVALS
DATA SET 1 DATA SET 2
95 75 68 45 25 18
102 67 65 62 17 15
99 87 94 49 37 54
88 120 81 48 70 31
100 71 104 50 21 54

a. What are the means for the two data sets?

b. What are the medians for the two data sets? Is there a difference or similarity between the mean and the median? Explain the similarity or difference.

c. What are the standard deviations for each of the data sets?

d. Construct a histogram for each data set, using 5 as your class width and starting with 60 as your West class for data set 1 and 10 for data set 2.

e. Relate the standard deviation you calculated in part c to your histograms in part d.

Problem 2) Eastern Airlines knows that 20% of its customers fly first class, 20% fly business class, and the rest fly coach. Of those customers who fly first class, 70% are from the East Coast while 30% are from elsewhere. In addition, of those customers who fly business class, 50% are from the East Coast and 50% are from elsewhere. Finally, of those customers that fly coach class, 75% are from elsewhere and 25% are from the East Coast.

a. Construct a probability tree for this problem.

b. Construct a probability table for this problem.

c. Determine the probability that a customer from the East Coast will fly first class.

d. What is the probability that a customer will be from the East Coast?

Reference no: EM131013913

Questions Cloud

How much kinetic energy is available in the decay : The Large Hadron Collider at Europe's CERN facility is designed to produce 7.0 TeV (that is, 7.0 X 1012 eV) protons. Calculate the speed, momentum, and total energy of the protons.
Find the points where the two curves intersect : Find the points where the two curves intersect. Use part (alpha) to find slope of the tangent line to each curve at points of intersection. Confirm that the tangent lines to each curve at the intersection points are perpendicular.
Investment in man company bonds : Carlyon Company listed the following equity items on December 31, 2012:
What is the average rating for all cbc movies : What is the average rating for all CBC movies? How about ABN movies and BBS movies - Create a line graph of the monthly average ratings for CBC for the year. Note that there are multiple ratings data for the months
What are the means for the two data sets : What are the means for the two data sets? What are the medians for the two data sets? Is there a difference or similarity between the mean and the median? Explain the similarity or difference
Find the volume generated by rotating the given region : Find the volume generated by rotating the given region about the specified line. R1 about x = 0. What value of r will produce a ring whose volume is exactly half the volume of the sphere?
Describes a learning management system : Which of the following correctly describes a learning management system?
A function of training session manager : In an intelligent tutoring system, which is not a function of training session manager? A. interpreting trainee actions b. responding either with ore information, coaching or tutoring
The business is a county office providing county services : The business is a county office providing county services to a population of approx 200K citizens.  Services include road maintenance, health services, assessor, treasurer, courthouse, counsel, etc.  There are approximately 1,200 employees ranging fr..

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd