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BU6015 - Business Analytics

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The correlation coefficient can have a range of________.
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What is an example of a cash reconciling item for an item recorded by the bank but not yet recorded in the general ledger?

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What term encapsulates analytics that use statistics to judge the likelihood (probability) of a future event or outcome occurring?

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Correlation produces an equation of a line.
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In simple random sampling, every observation in the population has an equal chance of being selected.
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Based on the summary statistics computed in Lab 4.1 Excel, Evaluating Inventory, Waste and Profit Margins, what is the average loss due to waste?

Statistics under inventory turnover are shown in columns A and B and that under waste as a percentage of costs are shown in columns C and D. The statistics under inventory turnover are shown in rows 3 to 15 under columns A and B, as follows: Mean: 5.661095515. Standard error: 0.45535057. Median: 4.467292249. Mode: not available. Standard deviation: 4.098335134. Sample variance: 16.79635087. Kurtosis: 3.488759241. Skewness: 1.775795275. Range: 20.79597681. Minimum: 1.280482453. Maximum: 22.07645926. Sum: 458.5487367. Count: 81. The statistics under waste as a percentage of costs are shown in rows 3 to 15 under columns C and D, as follows: Mean: 0.136110836. Standard error: 0.012282511. Median: 0.116705165. Mode: not available. Standard deviation: 0.110542603. Sample variance: 0.012219667. Kurtosis: 2.926831136. Skewness: 1.511460733. Range: 0.570726257. Minimum: 0.002081795. Maximum: 0.572808051. Sum: 11.02497774. Count: 81.

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What is the interquartile range (IQR) for Sales Price in the chart shown below?

The figure shows a box plot. The vertical axis shows the sales price ranging from $0 to $3,000 in increments of $500. The lower whisker has a value of $19.00. The first quartile has a value of $59.00. The median or the second quartile has a value of $149.00. Inside the box above the second quartile the following is entered: X$624.40. The third quartile has a value of $949.00. The upper whisker has a value of $1,799.00. The outlier above the upper whisker has a value of $2,299.00. The outlier and maximum value is $2,599.00.

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Which of the following would not be a calculated variable from other data?
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Which of the following graphs would have a correlation coefficient equal to 0.05?

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Which type of data would letter grades (A, B, C, D, or F) be considered to be?

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