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University: LONDON SCHOOL OF COMMERCE
You are needed to collect humidity data for ten consecutive days from any city of your choice. This data can be easily collected with the help of online sources. Also, prepare the report on the following areas:
The term data analysis is a comprehensive tool of gathering and analysing monetary by help of different kinds of techniques (Laracy, Hojnoski and Dever, 2016). By help of this analysis, it becomes easier for managerial aspect of companies to take corrective actions. The report consists calculation of mean-mode-median as per the chosen data of humidity of Manchester city, United Kingdom (Humidity data of London, 2019.). In the further part of report projection of futuristic humidity percentage is done by applying linear regression model.
In accordance of requirement of brief under this task, humidity data of 10 days of London city has been shown in table format:
Date |
S. No. |
Humidity (in terms of %) |
1st of October, 2019 |
1 |
94 |
2nd of October, 2019 |
2 |
84 |
3rd of October, 2019 |
3 |
96 |
4th of October, 2019 |
4 |
91 |
5th of October, 2019 |
5 |
95 |
6th of October, 2019 |
6 |
97 |
7th of October, 2019 |
7 |
95 |
8th of October, 2019 |
8 |
93 |
9th of October, 2019 |
9 |
83 |
10th of October, 2019 |
10 |
93 |
Bar chart- This can be defined as a type of diagram that presents free sample quantitative data in the form of horizontal bars. Underneath, presentation of humidity data has been done in the form of bar chart:
Column chart- This can be defined as a type of diagram that presents quantitative data in the form of vertical heights (Geiger, Goos and Forgasz, 2015). Underneath, presentation of humidity data has been done in the form of column chart:
Our intention is to help numerous students worldwide through effective and accurate work.
Date |
Humidity (in terms of %) |
1st of October, 2019 |
94 |
2nd of October, 2019 |
84 |
3rd of October, 2019 |
96 |
4th of October, 2019 |
91 |
5th of October, 2019 |
95 |
6th of October, 2019 |
97 |
7th of October, 2019 |
95 |
8th of October, 2019 |
93 |
9th of October, 2019 |
83 |
10th of October, 2019 |
93 |
Total |
921 |
Mean |
92.1 |
Mode |
93 |
Median |
93.5 |
Range |
14 (97-83) |
Standard deviation |
4.84 |
(I) Mean- The value of mean is calculated by dividing total of data values from number of values. Underneath, mean is computed by applying formula that is as: Mean = ΣX/N
ΣX= 921
N = 10
Mean = 921/10
= 92.1
(ii) Mode- In simple terms, mode is a kinds of number whose frequency is higher in a particular data set. This is presented by Z. In the above data set of humidity, value of Z is 93 because this value has maximum frequency.
(iii) Median- This is defined as mid value among different range of number of a data set (Shalley and Stewart, 2017). This is denoted by M. Herein, below formula to calculate median is mentioned in such manner:
If data set is odd:
M = (N+1)/2
If data set is even:
M= (N/2th item + N/2th item + 1) / 2
Calculation of median as accordance of humidity data of 10 days-
Arrangement of data in ascending order:-
S. No. |
Humidity (In %) |
1 |
83 |
2 |
84 |
3 |
91 |
4 |
93 |
5 |
93 |
6 |
94 |
7 |
95 |
8 |
95 |
9 |
96 |
10 |
97 |
N= 10
Median = (N/2th item + N/2th item + 1)/2
= (10/2th item + 10/2th item + 1)/2
= (5th item + 6th item)/2
= (93+94)/2
= 93.5
(iv) Range- It is calculated by making variation between higher and lower value of a data series (Cahoon, Cassidy and Simms, 2017). Such as per the above mentioned humidity data, this can be find out that value of range is of 14.
(v) Standard-deviation- It can be defined as calculation of value of variation from a data set. In accordance of above humidity data, standard-deviation is computed below in such manner:
Days (Date) |
Humidity (values in %) |
(x- mean) |
(x-mean)2 |
1st of October, 2019 |
94 |
1.9 |
3.61 |
2nd of October, 2019 |
84 |
-8.1 |
65.61 |
3rd of October, 2019 |
96 |
3.9 |
15.21 |
4th of October, 2019 |
91 |
-1.1 |
1.21 |
5th of October, 2019 |
95 |
2.9 |
8.41 |
6th of October, 2019 |
97 |
4.9 |
24.01 |
7th of October, 2019 |
95 |
2.9 |
8.41 |
8th of October, 2019 |
93 |
0.9 |
0.81 |
9th of October, 2019 |
83 |
-9.1 |
82.81 |
10th of October, 2019 |
93 |
0.9 |
0.81 |
210.9 |
Variance= [â(x â mean)2 / N]
= (210.9/10)
= 21.09
Standard deviation = âvariance
= â21.09
= 4.59
Days (X) |
Humidity (Y) |
X2 |
âXY |
Y2 |
1 |
94 |
1 |
94 |
8836 |
2 |
84 |
4 |
168 |
7056 |
3 |
96 |
9 |
288 |
9216 |
4 |
91 |
16 |
364 |
8281 |
5 |
95 |
25 |
475 |
9025 |
6 |
97 |
36 |
582 |
9409 |
7 |
95 |
49 |
665 |
9025 |
8 |
93 |
64 |
744 |
8649 |
9 |
83 |
81 |
747 |
6889 |
10 |
93 |
100 |
930 |
8649 |
âX= 55 |
âY= 921 |
âX2= 385 |
âXY= 5057 |
âY2 = 85035 |
(I) Calculation of value of m:
m= (âY)(âX2)- (âX)(âXY) / n(âX2)-(âX)2
= (921)(385)-(55)(5057)/10(385)-(55)2
= 354585-278135/ 3850-3025
= 76450/825
= 92.67
(ii) Calculation of value of c:
c= n(âXY)- (âX)(âY) / n(âX2)-(âX)2
= 10(5057)-(55)(931)/10(385)-(55)2
= 50570-51205/3850-3025
= -635/825
= -0.77
(iii) Forecasting of humidity:
For 15th day-
Y = m+cx
= 92.67+(-0.77*15)
= 92.67- 11.55
= 81.12%
For 20th day-
= 92.67+ (-0.77*20)
= 92.67- 15.4
= 77.27%
On the basis of above project report, this can be concluded that data analysis technique is not limited till any specific department for taking decisions. It is needed any kinds of business entity for better decision-making. The report concludes about calculation of mean-mode-median, range and standard-deviation of humidity data of Manchester city. In the end part of report, forecasting of humidity is done by help of linear regress
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