Question 1

Define the term mode.

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Question 2

Define the term median.

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Question 3

Define the term mean.

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Question 4

Explain what a negative correlation shows.

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Question 5

Define the term range.

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Question 6

Define the term mode.

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Question 7

Define the term median.

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Question 8

Explain what a positive correlation shows.

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Question 9

Explain what a positive correlation shows.

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Question 10

Explain what a negative correlation shows.

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Question 11

Define the term range.

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Question 12

Define the term mean.

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Question 13

A firm observes falling sales over four consecutive quarters. Outline two possible managerial responses.

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Question 14

Outline one limitation of using correlation analysis in business decision-making.

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Question 15

A manager reports that average wages are high, but most employees earn below that figure. Explain how this could happen.

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Question 16

Explain one disadvantage of relying solely on statistical data.

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Question 17

A business reports high revenue growth but declining customer satisfaction scores. Explain why this may be a concern.

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Question 18

Explain one advantage of using quantitative data in decision-making.

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Question 19

Explain how benchmarking can help improve performance.

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Question 20

Calculate the median of the following data: 4, 9, 1, 7, 6.

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Topic 6.7: Organizational Planning Tools Questions

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