ASSIGNMENT 2

Assignment 2



Assignment 2

Graph 1: Histogram for the respondent's age

Table 1: Descriptive Statistics

Respondent Age

Mean

44.7

Median

44.5

Mode

48

Percentiles

10th

20.8

60th

48

20th

30.2

70th

54

30th

33.5

80th

60.2

40th

39.4

90th

62.3

50th

44.5

100th

64

Explanation

Table 1 above shows that the average age of the respondents is almost 45 years. Median and mode determines the central tendency of the respondent's age as well. Here, median is fairly close to the mean i.e. almost 45 years which represents that the respondent ages are normally distributed. The mode though is slightly deviating from the mean and median but still close enough to be considered as normally distributed.

Percentiles determine the particular age group lies within the 10th, 20th and so on. The initial 10% of the respondents have their ages lie around 21 years. The 20th and 30th percentile represents the ages lie within 30 - 34 years. The median values usually lie around the 40th - 60th percentile i.e. the ages between 39 - 48 years which is exactly in middle of the age which was determined as the mean and the median age of the respondent. Similarly, the 70th, 80th, 90th and 100th percentile have their approximate ages lie between 54, 60.2, 62.3 and 64 respectively and is slightly deviating from the mean.

Garden centres constitute of being large businesses which are attached with long term business prospects. Operating such gardens involves extensive and meticulous planning which must be the core emphasis of people operating such gardens. Garden centres are prone to contributing a very high turnover and thus the resources in the case of these gardens must be allocated in a judicious manner. Such types of garden centres are prone to operate on smaller margins but include a high cost pattern. Thus the rapid variations in the weather system is considered to be a significant risk for such garden centres in accomplishing the desired results.

Estimated index for 2013

2013 - Y (Index) = 10.7 (6) + 89.3 = 153.5

2014 - Y (Index) = 10.7 (7) + 89.3 = 164.2

Purchase price in 2014

135 / 7 = 19.28 is the constant for the index

i.e. 19.28 = 164.2 / x

x = £ 8.51

Introduction to information management systems

The application of Information Technology for supporting the main operations and actions of public or private sector is known as the Information Systems Management (ISM). In the older times, the management of the information system was not focused while other things like capital, labour and raw materials were focused. However, at present, the business owners openly acknowledge that the management of the information technology and resources is very significant.

By the help of Information Systems Management, the procedure of storage, utilization, collection, manipulation and distribution of the information resources of an organization can be supported. The study of corresponding networks of software and hardware that organizations and managers use to create, collect, process, distribute and filter the data is done through Information Systems.

The evaluation and monitoring of the data involves the assessment and gathering of huge information. The storage, gathering and management of this information ...