BUS5SBF Statistics for Business and Finance Assignment Solution

The BUS5SBF statistics for business and finance assignment carries a 20% weightage of the total assessments that you will get during this course. You need to have good excel and SPSS skills as the BUS5SBF business and finance assessment involves a lot of computational work. Students who have already completed this unit faced a number of challenges in solving the questions. To overcome their problems, they contacted an online academic helper who provides BUS5SBF statistics for business and finance assignment help to the Australian students. Below, you will find BUS5SBF statistics for business and finance assignment solution, which includes all the tasks that are asked in this assessment.

Assessment Tasks in BUS5SBF Statistics for Business and Finance Assignment Sample

There are a total of ten assessment tasks which will require you to solve using Excel and SPSS. You are advised not to repeat these questions in your assignment as it can easily trigger the plagiarism issue. Here are the BUS5SBF statistics for business and finance assignment questions:

1. Task 1

   1. Organise the sample data in a spreadsheet exactly as per the instructions given above
   2. Choose an appropriate sampling method that you will use to select your sample data
   3. Is it the best method of sampling? Give reasons as well. For reference purposes, check the BUS5SBF statistics for business and finance assignment solution below.

2. Task 2

   1. Based on your sample data, develop a tabular form and graphical bar chart of WI based on the following classification:

      1. Class 5 – very rich
      2. Class 4 – rich
      3. Class 3 – moderate
      4. Class 2 – poor
      5. Class 1 – very poor

   2. Identify that group which is the most frequent one in your sample data
   3. Provide a statistical reason whether the data is normally distributed. Check the BUS5SBF statistics for business and finance assignment solution below. You will get the idea of how to solve task 2.

3. Task 3

   1. What are the top 10% and bottom 10% of your household values?
   2. Find out the probability that your values will be less than or equal to 200$.
   3. Calculate the probability such that FS will be equal to 2. The BUS5SBF statistics for business and finance assignment solution below shows how it is done.

4. Task 6

   1. After surveying many countries, Michael Scott, one of La Trobe University researchers believes that in order to be considered as a wealthy city, the average weekly income of the household would have to be at least 1200$. Based on this information, can you consider that your sample data is from the wealthy city?
   2. Scott also believes that one city can be considered as the obese city if the average spending of weekly food expenditure of a household is greater than or equal to 50. Find out whether your sample data can be considered as the obese city or not. For both these tasks, you can see the BUS5SBF statistics for business and finance assignment solution below. It contains the right approach that you can refer to.

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