Question 1

Define the term mode.

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Question 2

Define the term mean.

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Question 3

Explain what a positive correlation shows.

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Question 4

Define the term median.

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Question 5

Define the term mean.

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Question 6

Define the term range.

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Question 7

Define the term median.

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Question 8

Define the term range.

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Question 9

Explain what a negative correlation shows.

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Question 10

Explain what a positive correlation shows.

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Question 11

Explain what a negative correlation shows.

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Question 12

Define the term mode.

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Question 13

Explain how trend analysis can support strategic planning.

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Question 14

A business finds a strong positive correlation between advertising expenditure and sales revenue. Explain what this suggests.

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Question 15

Explain one advantage of using the median instead of the mean.

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Question 16

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

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Question 17

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

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Question 18

Explain how the range can help managers understand performance.

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Question 19

Calculate the mean of the following monthly sales figures: 10, 12, 8, 15, 5.

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Question 20

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

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Topic 6.7: Organizational Planning Tools Questions

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