Qnt 561 Week 6 Individual Assignment Signature Assignment

Statistics: Week 6 NameCourseTutor’s NameDatePart 1 - Preliminary Analysis In modern business data is abundant and businesses are required to filter through huge amounts of available data to correctly interpret their implication and to help in decision-making. The right statistical data analysis tools and statistical data are necessary for meaningful analysis of data. In this assignment we are presented with data from the National Association of Manufacturers database of statistics from 20 U.S industry groups. The purpose of this analysis is to answer several relevant questions. Questions relate to the average number of production employees, average value added by a manufacturer, variance between cost of materials and end of year inventory and believe that the average number of production workers per industry group is less than 150,000. Population in the StudyThe sample data is from the US National Association of Manufacturers database. The datasets contain data from 20 industries and 140 subindustries in the US for the following variables Number of Employees, Number of Production Workers, Value Added by Manufacture, Cost of Materials, End-of-Year Inventories, and Industry Group. The data is arranged by standard industry code