You are the manager at a company and are asked to present a report on the year-to-date performance of your division. What type of statistical information would you include in your report? In paticular, which descriptive statistics (mean,median, standard deviation,etc.) do you think would best represent the main aspects of the performance of your division? What types of graphical presentation (histogram, dot plot, stem-and-leaf, bar chart, etc.) would you include? Explain your reasoning.

Answer 1

You are the manager, so you must make the decisions from what you know about the descriptive statistics and graphics.

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Answer 2

I would include several key pieces of information such as sales data, cost of goods, cost of labor, sales projections vs. actual sales,total expenses vs. budget and bottom line profit. I think the mean would best represent the performance of my division. I would use histgrams and bar charts. They are the easiest to produce and the easiest to read.