a) "Statistics are numerical statements of facts but all facts numerically stated are not statistics". Comment upon the statement.

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Question 3
a) "Statistics are numerical statements of facts but all facts numerically stated are not
statistics". Comment upon the statement.
b) Descriptive statistics for the closing stock prices (in SUSD) of two companies for
several trading periods are shown below.
Baby, Inc
Митту, Inc.
Мean
4.00
Мean
15.91
Standard Error
0.11
Standard Error
0.29
Median
3.92
Median
16.59
Mode
4.19
Mode
15.58
Standard Deviation
1.12
Standard Deviation
3.21
Sample Variance
1.25
Sample Variance
10.31
Kurtosis
-1.15
Kurtosis
3.52
Skewness
0.08
Skewness
-2.09
Range
3.95
Range
13.45
Minimum
2.03
Minimum
5.55
Maximum.
5.98
Maximum
18.99
Sum
436.32
Sum
1972.61
Count
109
Count
124
Which company's stock price has a more dispersed distribution? Explain in your own
words what these dispersions indicate. (Discuss all the dispersion measures studied in
a.
class.
b. Compare the performance of these two firms using appropriate measures of location.
You are also required to explain the Skewness (of the distribution of prices) of the two
firms and explain what is indicated.
Transcribed Image Text:Question 3 a) "Statistics are numerical statements of facts but all facts numerically stated are not statistics". Comment upon the statement. b) Descriptive statistics for the closing stock prices (in SUSD) of two companies for several trading periods are shown below. Baby, Inc Митту, Inc. Мean 4.00 Мean 15.91 Standard Error 0.11 Standard Error 0.29 Median 3.92 Median 16.59 Mode 4.19 Mode 15.58 Standard Deviation 1.12 Standard Deviation 3.21 Sample Variance 1.25 Sample Variance 10.31 Kurtosis -1.15 Kurtosis 3.52 Skewness 0.08 Skewness -2.09 Range 3.95 Range 13.45 Minimum 2.03 Minimum 5.55 Maximum. 5.98 Maximum 18.99 Sum 436.32 Sum 1972.61 Count 109 Count 124 Which company's stock price has a more dispersed distribution? Explain in your own words what these dispersions indicate. (Discuss all the dispersion measures studied in a. class. b. Compare the performance of these two firms using appropriate measures of location. You are also required to explain the Skewness (of the distribution of prices) of the two firms and explain what is indicated.
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