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Deviation Essay Topics & Paper Examples

Standard Deviation use in the Business World

Abstract This paper evaluates the role of standard deviation in business. As part of the evaluation, a brief summary of five different peer reviewed papers has been presented. Topics such as, the purpose of the study, the research questions, the hypothesis of the study, and the main findings of the study for the five papers, have been summarized by each of the learning team members. Standard Deviation use in the Business World Standard Deviation is a statistical measurement that shows how data are spread above and below the mean. The square root of the variance is the standard deviation (Cleaves, Hobbs, & Noble, 2012). It plays a key role in business management, with one of its benefits being that it…

The ACL Benford command

A. 1. The ACL Benford command counts the times each digit or digit combination occurs in a data set and makes a comparison between actual count and expected count. The output of the command is showed in a graph and includes Z-statistic for each count to help evaluate the significance of deviation between actual and expected counts. 2. The use of Benford command provides auditors and other data analysts caution on that there are possible anomalies in large data sets which deserve further analysis. 3. The Benford command is activated by benford formula. Users can select Analyze from the menu bar and choose Perform Benford Analysis to display the Benford dialog box. B. 1. These Characteristics are following: comprised of…

Standard Deviation in the Business World

Abstract On Standard Deviations in Job Performance The purpose of this study was to compare the expected payoffs from personnel programs based on standard deviation of job performances in dollars, the Global Estimation model, and the CREPID procedure. The study was done for route salesmen of a large soft drink bottling company. The Global Estimation model and the CREPID procedure were behaviorally based, where the standard deviation of job performance was based on cost accounting data. The research study was based on whether selecting certain methods of behaviors for route salesmen would influence the expected monetary outcome of the selected behavior. The results could then be listed by the dollar payoff of the selected behavior. The hypothesis of the study…

Capital cost

Q1. Bob Richards, the production manager of Zychol Chemicals, in Houston, Texas, is preparing his quarterly report, which is to include a productivity analysis for his department. One of the inputs is production data prepared by Sharon Walford, his operations analyst. The report, which she gave him this morning, showed the following: 2008 2009 Production (units) 4,500 6,000 Raw material used (barrels of petroleum by-products) 700 900 Labor hours 22,000 28,000 Capital cost applied to the department ($) $375,000 $620,000 Bob knew that his labor cost per hour had increased from an average of $13 per hour to an average of $14 per hour, primarily due to a move by management to become more competitive with a new company that…

Free Fall

The purpose of this experiment is to understand why we have variances in measurements and how to reduce the variances. When taking a measurement there are multiple factors that affect its value. The more the measurement is taken the measurements average is closer to the actual value. Other factors include the instruments calibration, cleanliness of the inside of the measuring arms and human error in reading the measurements off of the measuring devices. For this experiment, we followed the procedures as indicated in the lab manual. Data Results/Comparison to Theory / Answers The caliper and the micrometer were checked for the calibration. The results showed zero offset before and after experiment. Since there are differences in the measured data; the…