Posted: February 19th, 2023

I need to submit a 3-4 page paper that describes the scenario provided in the attached case study, identifies quantifiable factors that may affect operational performance, develops a problem statement, and proposes a strategy for resolving a company’s problem.

Calculate the central tendency for the dependent variable

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Develop a histogram of the gift amount

Develop scatterplots for the gift amount for each independent variable.

I need to be able to upload the paper and calculations

SOLUTION

To calculate the central tendency for a dependent variable, you can use one of three measures: the mean, median, or mode.

- Mean: The mean is the sum of all the values in the variable divided by the total number of values. It is a measure of the average value of the variable. To calculate the mean, you can use the following formula:
Mean = (Sum of values in variable) / (Number of values in variable)

- Median: The median is the middle value of the variable when the values are arranged in order from smallest to largest. It is a measure of the central value of the variable. To calculate the median, you can follow these steps:
a. Sort the values in the variable in order from smallest to largest. b. If the number of values is odd, the median is the middle value. If the number of values is even, the median is the average of the two middle values.

- Mode: The mode is the most frequently occurring value in the variable. It is a measure of the most common value of the variable. To calculate the mode, you can identify the value that occurs most often in the variable.

The choice of which measure to use depends on the nature of the data and the research question. The mean is often used when the data is normally distributed, the median is used when the data is skewed or contains outliers, and the mode is used when the data is discrete and the most common value is of interest.

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