This website uses cookies to ensure you have the best experience.

# Math 533 Project A Essay

605 words - 3 pages

Course Project A – AJ Davis Department Store

In reviewing the data for AJ Davis Department Store, the below diagrams represents the detailed statistical analysis of the data collected from a sample of 50 credit consumers. The data collected was based on the following five variables: location, income, size, years and credit balances.
The first individual variable considered was Location. The three subcategories are Rural, Suburban, and Urban. Shown below is the frequency distribution and pie chart, the maximum number of customer belonging to the Urban category were 42%, followed by the Suburban of 30% and Rural at 28%. Since this is a categorical variable, the measure of central tendency and descriptive statistics was not calculated.
Frequency Distribution
Location Frequency
Rural 14
Suburban 15
...view middle of the document...

The measures of central tendency, variation and other descriptive statistics have been calculated for this variable. The descriptive statistics and dot plot is listed:
Descriptive Statistics: Size | | |
| | | |
Variable N N* Mean SE Mean StDev Minimum Q1 Median Q3 Maximum |
SIZE 50 0 3.420 0.246 1.739 1.000 2.000 3.000 5.000 7.000 |

The average household size is when analyzing the data is three, however in the table listed below the family household of 2 members is relatively higher.

The first individual pairing is Location and Credit Balances. In the boxplot diagram shown below, the rural area has the lower credit balances, in comparison to the suburban and urban areas. Comparing income to credit balances, the rural are and suburban are showing that their balances are more than the income earned. However, the urban area show that the income earned is higher than the credit balances.

In the second pairing is Credit Balances to Income. Based on the sample of 50 customers, the credit balances were on average of \$3,964.00. The graph displayed below show that the customers with the higher income, had higher credit balances. The assumption would be that the more income made, the customers would spend more at the department store. The maximum credit balance of \$5,678, which was based on a consumer with an income of \$60,000 or more.

The final pairing of the Size and Years; compares of the number of years a family has lived in that communities and the members in the household. The number of members per household is 3.42 and the average number of years a family has lived in the community, is 12.38 years.

In conclusion, the analyzing of data has been completed several factors have been determined. Each of the variables listed above, were used to identify detailed statistical analysis of the 50 sample customers of AJ Department Store. The largest population is within the Urban area, with the highest credit balance of \$5,678.00. In comparing the size and years, the average household size was 3, and 12.38 were the average the number of years in location. Additionally, the customers in the urban and suburban that earned a higher income and also carried a higher balances; in comparison to the customers who lived in the rural areas.

## Other Papers Like Math 533 Project a

### Statistics Final Project Essay

1893 words - 8 pages Ian Wamboldt Math 533- Applied Managerial Statistics Course Project Part C February 10, 2013 1. Generate a scatterplot for CREDIT BALANCE vs. SIZE, including the graph of the "best fit" line. Interpret. ------------------------------------------------- MINITAB OUTPUT: ------------------------------------------------- Regression Analysis: Credit Balance(\$) versus Size

### Write An 3 Page Mystery Story. It As Entitled The Fibonacci Furor

833 words - 4 pages was the 8th project! The officials realized they had made a grave mistake. They apologized to NYSH and called me in to take a shot at finding the culprit.I reviewed all the evidence but was at a loss. It could be any of the remaining projects, the 7th or the 9th through the 142nd. I contemplated who might have done it.I decided to spend some time strolling through the exhibition hall, examining the various projects. I thought back to another math

### Observe Different Stages of Plant Life

596 words - 3 pages – These will be used for writing the observations. Aim: Integration of Environmental Science and Language along with Math . Skills involved are assimilation of prior knowledge with application; observing and making notes. Excursion: The students will be taken to a farm and/or a nursery where they can observe the plants in various stages of growth. Project details: The students will each get a small earthen pot with some soil in it. They

### Argument for Scientific literacy

1338 words - 6 pages hypothesis of the study was, â€œPeople who were average at math would let their political ideas sway their opinion, while people good at math would not.â€ This is a very good question and even when it is thought about it seems intuitive that people would look at information and sway it to their own way of thinking. With a diverse sample size of 1183 the accuracy is not to great because that is split in half to do both studies. Realistically he had

### Nrp Research

670 words - 3 pages Nanyang Research Programme (NRP) Reflection Out of the curiosity of how scientists have the power to turn fiction into reality and the experience of undertaking research, I applied for a NRP project on cloaking an antenna in electromagnetic field and finally received a Gold Award at NRP symposium. The research was really a bitter-experience. The way the professor guided us was so much

### Unit 3 College Writing

1610 words - 7 pages lacks an empirical component. One cannot see math happening. People might argue saying that if you had one person and if you cloned that person, you would have two of them and this is provable. But are these one, two, addition, etc a part of the universe or a product of the genius human brain? Yash Amit Nanavati Professor Sarah Finn Unit 2 project 1:35PM batch This question has two possible answers, each with broad perspectives: mathematics

### Nfl Superbowl Debacle

1308 words - 6 pages points and provides opportunity to be ready for possible negative outcomes while project proceeds. It works like guidance throughout the project. However, it should be open to revisions because problems faced as project proceeds might require modifications. Also, it should be capable of answering a long list of what-if questions. Essentially, it is the most important step because most of the time failures during the project stem from mistakes

### Becoming an Engineer

524 words - 3 pages Becoming a Computer Engineer To become a computer engineer this day and time you must have an education. Having some type of diploma in this century is very important. With this economy now if you don’t have a college education you will not be able to work anywhere that pays good. That’s why I chose to do my project on what it takes to be an engineer. Here below is a chart that shows three different colleges and the

### Importance Of Early Education

264 words - 2 pages teen pregnancy and incarceration Improves recruitment and retention of parents who work The Perry Preschool Project is a research project started in the 1960’s. Over the last 40 years, this study has compared 2 groups of African American children born in poverty and at high risk of failing in school. The children were 3 and 4 years old. Some of the children received a high quality preschool program and some children received no preschool. The

### Formulating Questions

1084 words - 5 pages Formulating Questions Grand Canyon University: EDA-577 May 28, 2014 Guiding Questions for School Improvement Team-Math Achievement Has a school leadership team been established? • Who are the members of the leadership team? • What are the qualifications and experience of the leadership team members? • Has leadership team established a collaborative working relationship? • Does the leadership team share a

### Why Accounting

777 words - 4 pages UI 100 Dr. Christ McGowan 4 November 2013 Accounting At Southeast Missouri State University, I want to pursue my degree in the field of accounting. After completing the “Choose a Major” project, it made me realize even more that accounting was indeed the right career for me. I learned a great deal during this project and the project also made me think of what I would like to do in my future after college. In the accounting program, I will

## Related Essays

### Math 533 Course Project Part A

549 words - 3 pages Introduction: Data was collected from a sample of credit customers in the department chain store AJ DAVIS using statistical analysis. The analysis below consists of 3 quantitative methods, which are: size, income and credit balance, and one qualitative method which is location. The 1st individual variable is Location: It consists of 3 variable methods which are urban, suburban and rural. Below are the frequency distribution and pie chart

### This Is The Importance Of Math In Education. Thoughts And Views On Why One Would Choose To Study This Subject

522 words - 3 pages class, everyone is moving around and things are going on. There are people getting help from the teachers, and some doing problems on the board with their friends. Most of my friends are in my math class. Math is a great way to keep friends. One year I became close with one teacher. In 8th grade, my math teacher saw interest in a few of my friends, and told us about a project using math and computers. My friends and I entered and won regional with

### Application Assignment 5

1216 words - 5 pages 6 D,E G 4 7 13 C,F H 3 5 7 G I 2 3 4 G,H A- Determine the expected times and variances for each activity B- Construct a project network for this problem C- Determine the EST, EFT, LST, LFT and slack for each activity. Also determine the critical path and project completion time. D- What is the probability that the project will be finished in less than 57 days? E- What is the probability that the project will

### Project Definition Report Coupled With Itpm Phases Fairlawn Fitness Center And Sports Clinic

5380 words - 22 pages Project Definition Report Coupled with ITPM Phases Fairlawn Fitness Center and Sports Clinic MBA 533 OL – Team 3 Summer 2015 Prepared by Team 3 | Edwin Medina - Class Lead Arif Morshed Azad -Team Leader, Integration, Time, Stakeholders' and Communication Manager Ubeda Sawda - HR, Scope and Cost Manager Shikhun Liu – Procurement and Risk Manager | Quality Assurance Manager | Md Sabbir Islam Asif- Quality Manager | Date of