MGMT8504 Data Analysis and Decision Making

Session 2 Describing Data Using Numerical

Summaries
After completing this session, you will be able to:

Compute and interpret the mean, median, and mode for a set of data

Compute the range, variance, and standard deviation and know what these values mean

Construct and interpret a box and whisker graph

Compute and explain the coefficient of variation and z scores

Topics
Numbering corresponds to text book sections
3.1 Measures of Central Tendency
3.2 Measures of Variation
3.3 Using the mean and the standard deviation together

Additional Reading
Additional Readings are not assessable

The Well Chosen Average

 Text Book Material

In class review questions will be completed in pairs or small teams. Feedback is provided
immediately by class discussions.

At home review questions are to be done by the student. The answers are provided online 3
days after class.

3.1 Measures of Central Tendency

In Class Review Exercises (Text book) At Home Review

Excel Tutorial:
(figure 3.2A)
3-12, 2-23

3.2 Measures of Variation

In Class Review Exercises At Home Review

3-26, 3-34 3-41, 3-45

3.3 Using the mean and the standard deviation together

In Class Review Exercises At Home Review

3-47, 3-50, 3-53 3-66

Lecture 2 26
Lecture Notes
3.1 Measures of Central Tendency

27
Lecture 2 28
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 In Class Review Exercises (Text book) At Home Review

Mean, Mode, Median Excel Tutorial:

(figure 3.2A)
3-12, 2-23

Lecture 2 30
Lecture Notes
3.2 Measures of Variation

31
Lecture 2 32
33
Lecture 2 34
Lecture Notes
3.2 Measures of Variation

35
Lecture 2 36
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Lecture 2 38