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ASSIGNMENT USING EXCEL
Name: Leon Pang
Student ID: 15526737
Unit Name: Finance (Quantitative Techniques) 203
Tutorial Day and Time: Tuesday 10 a.m.

The following is the data complete with my added student numbers: By Current Market Leader (seconds) | By New Software Package (seconds) | 9 | 10 | 11 | 9 | 12 | 10 | 8 | 6 | 14 | 13 | 12 | 11 | 15 | 14 | 18 | 18 | 16 | 16 | 7 | 5 | 8 | 4 | 6 | 5 | 9 | 6 | 10 | 8 | 12 | 7 | 14 | 13 | 13 | 14 | 18 | 19 | 19 | 16 | 67 | 37 |

QUESTION 1
A)
The formula shown in the toolbar is =MEDIAN(B1:B20). The median is 10.5 for the new package.
The formula shown in the toolbar is =STDEV(B1:B20). The standard deviation is 7.42 for the new package.
B)
The table below shows the descriptive statistics for the current package: Mean | 14.9 | Standard Error | 2.868981 | Median | 12 | Mode | 12 | Standard Deviation | 12.83047 | Sample Variance | 164.6211 | Kurtosis | 16.15103 | Skewness | 3.849222 | Range | 61 | Minimum | 6 | Maximum | 67 | Sum | 298 | Count | 20 |

The standard error is 2.87 to two decimal places. This can be calculated by the sample standard deviation divided by the sample size. Therefore, 12.83/√20=2.87.

QUESTION 2 A) The following table shows the bin-frequency for the current package: Bin | Frequency | 6 | 1 | 9 | 5 | 12 | 5 | 15 | 4 | 18 | 3 | 21 | 1 | 24 | 0 | 27 | 0 | 30 | 0 | 33 | 0 | 36 | 0 | 39 | 0 | 42 | 0 | 45 | 0 | 48 | 0 | 51 | 0 | 54 | 0 | 57 | 0 | 60 | 0 | 63 | 0 | 66 | 0 | 69 | 1 |

The histogram below shows the current package in terms of frequency and time taken with class widths of three for time taken: Using excel, the value of the skew is 3.85 to two decimal

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