The Artsy Corporation Essay

Standard deviation is a way of visualizing how spread out points of data are in a set. Using standard deviation helps to determine how rare or common an occurrence is. For example, data points falling within the boundaries of one standard deviation typically account for about 68% of data and those between (+/-)1 standard deviation and (+/-)2 standard deviations make about 27% combined. This can be better visualized by using a bell graph. Using the mean and standard deviation, the points where standard deviations occur can be drawn on the graph to better understand which data is rare and which is common.

Theoretically from the recorded data the calculated mean, median, and mode will be the most accurate representation of the real world value. The difference between the highest recorded value and lowest recorded value is the range in the set of data. Standard deviation (s) is a quantity calculated to indicate an extend of deviation for a group of data as a whole (Marshall). This is calculated using:

Standard Deviation of Mean= 0.4762Standard Deviation of Median= 0.7539The standard deviation of the Mean is smaller, which means all of the data points will tend to be very close to the Mean. The Median with a larger Standard Deviation will tend to have data points spread out over a large range of values. Since the Mean has the smaller value of the Standard Deviations, it has the least variability.

Standard Deviation for the mean column is 0.476Standard Deviation for the median column is 0.754Standard deviation for the mean column has least variability

8. Analyze: How does the standard deviation relate to the consistency and range of a data set?

In today’s current market, according to the salary structure survey performed by WorldAtWork and Deloitte Consulting LLP (October 2012), the

Rounded to the closest hundreth, the standard deviation for the set is approximately 19.52. Juxtaposed

The following data are the base salaries, in thousands of dollars, of 50 chief executive officers

deviations. That is, unusual values are either less than μ - 2σ or greater than μ + 2σ.

With the 95% Confidence Interval for Mean, Median, and St Dev are as described above.

It is not uncommon to become accustomed to the way business is conducted in the United States. It’s a fair assumption that many young, inexperienced business executives are unaware of international cultures in business. Each country has particular customs and practices. It certainly goes without saying that Corporate America has an understanding when it comes to the terms of a standard workweek.

Two sets of data both have a mean of 17. Set A has a standard deviation of 3.5. Set B has a standard deviation of 6.8. Explain specifically what the different standard deviation measurements tell you as a researcher about the two data sets?

The ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles, introducing the new project to build cedar dollhouses by shingle scrap materials for reaching $3 million annual sales within the next 3 years. Explain the overall risk profile of the ABC Company based on current economic and industry issues. In order to help out the CEO I prepare reports that will contain the information regarding the project. These statements refer to the accompanying Excel spreadsheet as well as word documents. The statements are; Cash Flow statements, Product Cost, Net present value, Depreciation, Contribution Margins

2)Affiliated Group had the largest standard deviation, while Adobe had the smallest standard deviation. Affiliated has higher SD which mean that it has more variability and also higher risk. While Adobe has smallest SD which mean lower variability and lower risk of losing money. Both of the graphs started well at the beginning but then during the 2nd weeks of December, both dropped and then went up a little but then dropped again. Overall both graph seem similarly the same. There seem to be no outliers for both of the graphs. There are no outliers because the numbers variables seem to be regularly closed to each other and not far distance.

The team has so far collected samples for data to obtain a purpose for this research. We have agreed upon a problem definition based on the answers obtained from the problem definition. Formulated possible outcomes that will likely occur based on problem definitions. Descriptive statistics are tools used to avoid reporting misleading data based on the results of samples collected from data. In order for the team to avoid reporting misleading data, the analysis of this research will include using the following tools, measurements of central tendency, dispersion, and skewness of data. These tools will help determine if the data taken from the wage and wages earned data set minimize bias and help the teams form a solid conclusion of the samples taken from the data set. Graphical displays, the histogram, and using frequency tools are used to measure central tendency, skew-ness of data values and dispersion of data.