Market Expansion and Statistical Analysis
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manhfan25Market Expansion and Statistical Analysis
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manhfan251. An enterprise wants to expand their products into some other markets.
An
investigation was carried out. Results show that the enterprise can make
profit only when their products are sold in regions in which there are at least
500.000 households spending 350 USD per year for this product. Based on
the results in the table below, suggest which market(s) should the enterprise
decide to enter, which one(s) they should not and which one(s) they should
consider to enter?
Household Expenditure on the product per year (USD)
Markets s Standard
Mean Median Mode
(millions) deviation
A 2.5 450 87 75 75
B 1.75 385 109 97 52
C 0.95 367 360 358 18
D 1.0 365 340 310 20
E 1.35 353 352 348 10
2. The following data shows the ages and income of a group of 10
employees in a small firm:
Ages 22 22 24 26 28 29 35 36 40 45
Income 700 750 740 800 760 800 900 820 850 100
(USD) 0
Calculate estimates of the value of:
a/ the average ages of the group
b/ the average income of the group
c/ Compare the representativeness of these two means
3. The table below relates to the Probability and Statistics marks of a class
6 6 7 5 8 9 5 4 7 8
9 6 5 4 7 8 9 6 5 4
7 3 8 2 3 7 9 3 4 5
6 8 9 10 9 6 7 7 6 6
Construct a frequency distribution tabular below:
Probability and Statistics Students
marks
<3
3–5
5–7
7–8
8–9
9 -10
Calculate the relative frequency and comment on the result of this class
Calculate the mean, median, mode and standard deviation
4. A firm recorded the number of orders received for each of 58 successive
weeks to give the following distribution:
Number
of orders 10-14 15-19 20-24 25-29 30-34 35-39
received
Number 3 7 15 20 9 4
of weeks
Calculate the mean weekly number of orders received
Estimate the median, mode and standard deviation
5. The ages of a company’s employees are tabulated below:
Age in 20 and 25 and 30 and 35 and 40 and 45 and
years under 25 under 30 under 35 under 40 under 45 under 50
Number
2 14 29 43 33 9
of
employees
Calculate the mean employee age in years.
Estimate the median, mode and standard deviation
6. Suppose that you are considering investing in one of these two financial
assets A or B.
- Asset A has percentage returns the last 10 years of 12%, 14%, 8%, 4%, -
10%, 18%, 10%, 12%, 15%, 14%
- Asset B has percentage returns the last 10 years of 17%, 13%, 12%, 9%, -
15%, 25%, 10%, 15%, 18%, 11%
Which asset should you choose to invest?