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Quantitative Techniques Assignment

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Quantitative Techniques Assignment consists of questions and solutions in finding class width, drawing frequency table, calculating class boundaries, class midpoints, drawing a histogram and a relative-frequency histogram, drawing an orgive curve, defining theoretical probability distribution and how it is useful in business decision-making, explaning the process of hypothesis testing, detailing clearly under which condition the Normal distribution may be used, explaining the difference between the four non-probability sampling methods.

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QUANTITATIVE
TECHNIQUES
ASSIGNMENT

, Question 1


(a) Find the class width. (2 marks)


Class width = Range / Classes
Range = Upper class limit (52) - Lower class limit (10)
= 52-10
Range = 42
Class width =
= 8.4 (9)


(b) Work out a frequency table displaying the class limits, the class boundaries, the
midpoints, the frequencies, the relative frequencies and the cumulative frequencies. (16
marks)




Class boundaries = Upper class limit of the second class (20) – lower class limit of the first
class (19) / 2
= 20 –
= 0.5
Then subtract all upper classes with 0.5 that is (10 – 0.5 = 9.5, 20 – 0.5 = 19.5 and so on)
And add all lower classes with 0.5 that is (19 + 0.5 = 19.5, 29 + 0.5 = 29.5 and so on)




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