Members:

Abastas, Jeane
Galas, Cendilyn B.
Jacomilla, Michale

Exercise on Mean, Median, Mode, Geometric mean and Quartiles

Case 1
Which companies spend the most money on advertising? Business Insider maintains a list
of the top-spending companies. In 2014, Procter & Gamble spent more than any other
company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion
(Business Insider website, Dec. 2014). Top 12 companies and the amount each spent on

advertising in billions of dollars are as follows:

Advertising
Company ($billions) Case Requirements
Procter & Gamble 5.00 a. What is the mean amount spent on advertising?
Comcast 3.08 b. What is the median amount spent on advertising?
AT&T 2.91 c. What are the first and third quartiles?
Ford 2.56
Verizon 2.44
L'Oreal 2.34
American Express 2.19
General Motors 2.15
Toyota 2.09
Fiat Chrysler 1.97
Walt Disney Company 1.96
J.P Morgan 1.88

Case 2
The Big Bang Theory, a situation comedy featuring Johnny Galecki, Jim Parsons and Kaley Cuoco, is one of
the most watched programs on network television. The first two episodes for the 2011-2012 season premiered
on Sept. 22, 2011; the first episode attracted 14.1 million viewers and the second episode attracted 14.7 million
viewers. The following table shows the number of viewers in millions for the first 21 episodes of the 2011-2012
season (The Big Bang Theory webiste, April 17, 2012)

Air Date Viewers (millions) Case Requirements

Sept. 22, 2011 14.10 a. Compute the minimum and maximum numbers of vie
Sept. 22, 2011 14.70 b. Compute the mean, median, and the mode.
Sept. 29, 2011 14.60 c. Compute the first and third quartiles.
Oct. 6, 2011 13.60 d. Has viewership grown or declined over the 2011-2012
Oct. 13, 2011 13.60 season? Discuss.
Oct. 20, 2011 14.90
Oct. 27, 2011 14.50
Nov. 3, 2011 16.00
Nov. 10, 2011 15.90
Nov. 17, 2011 15.10
Dec. 8, 2011 14.00
Jan. 12, 2012 16.10
Jan. 19, 2012 15.80
Jan. 26, 2012 16.10
Feb. 2, 2012 16.50
Feb. 9, 2012 16.20
Feb. 16, 2012 15.70
Feb. 23, 2012 16.20
Mar. 8, 2012 15.00
Mar. 29, 2012 14.00
Apr. 5, 2012 13.30

Case 3
Martinez Auto Supplies has retail stores located in eight cities in California. The price they charge for a particular
product in each city varies because of differing competitive conditions. For instance, the price they charge for a
case of a particular brand of motor oil in each city follows. Also shown are the number of cases that Martinez
Auto sold last quarter in each city.

City Price($) Sales (cases) Case Requirements

Bakersfield 34.99 501 Compute the average sales price per case for
Los Angeles 38.99 1425 this product during the last quarter.
Modesto 36.00 294
Oakland 33.59 882
Sacramento 40.99 715
San Diego 38.59 1088
San Francisco 39.59 1644
San Jose 37.99 819

Case 4
Based on a survery of master's programs in business administration, magazines such as US News & World
Report rank US business schools. These types of rankings are based in part on surveys of business school
deans and corporate recruiters. Each survery respondent is asked to rate the overall academic quality of the
master's program on a scale from 1 "marginal" to 5"outstanding". Use the sample responses shown below
to compute the weighted mean score for the business school deans and the corporate recruiters. Discuss.
Business School
Quality Assessment Deans Corporate Recruiters
5 44 31
4 66 34
3 60 43
2 10 12
1 0 0

Case 5
Annual revenue for Corning Supplies grew by 5.5% in 2011; 1.1% in 2012; -3.5% in 2013; -1.1% in 2014; and 1.8%
in 2015. What is the mean growth annual rate over this period?
 Solutions here:

1.88
Rank 1

a. Mean 2.5475
b. Median 2.265

c. First Quartile 2.06

Third Quartile 2.6475

mount spent on advertising?

amount spent on advertising?
nd third quartiles?

13.3 13.6
uoco, is one of Ranks 1 2
2 season premiered
ttracted 14.7 million a. Minimum 13.3
es of the 2011-2012 Maximum 16.5
The minimum numbers of viewers is 13.3 M while the maximum is 1
b. Mean 15.0428571428571
Median 15
mum and maximum numbers of viewers. Mode 13.6
, median, and the mode.
nd third quartiles. c. First Quartile 14.1
wn or declined over the 2011-2012 Third Quartile 16

d. Over the 2011-2012 season, the viewership has both grown and de

harge for a particular

ce they charge for a Price($) Sales (cases) PRICE* SALES
ses that Martinez 34.99 501 ₱17,529.99
38.99 1425 ₱55,560.75
36.00 294 ₱10,584.00
33.59 882 ₱29,626.38
he average sales price per case for 40.99 715 ₱29,307.85
ct during the last quarter. 38.59 1088 ₱41,985.92
39.59 1644 ₱65,085.96
37.99 819 ₱31,113.81
₱300.73 ₱7,368.00 ₱280,794.66

AVERAGE SALES PRICE PER CASE = ₱38.11

Quality Assessment Business School Deans

News & World
siness school 5 220
mic quality of the 4 264
s shown below 3 180
uiters. Discuss. 2 20
1 0
TOTAL RANK PER RESP 684
TOTAL RESPONDENTS 180
AVERAGE SCORE 3.8
WEIGHTED MEAN SCORE 3.8

DISCUSS: Deans have a higher weighted score for business schools by 0.1 in
their quality assessment survey than those of the Corporate Recrui

1% in 2014; and 1.8%

 1.96 1.97 2.09 2.15 2.19 2.34 2.44 2.56 2.91 3.08 5
2 3 4 5 6 7 8 9 10 11 12

or 2
or 3

13.6 14 14 14.1 14.5 14.6 14.7 14.9 15 15.1 16 15.8

3 4 5 6 7 8 9 10 11 12 13 14

M while the maximum is 16.5 M.

14 16.1 16.2
hip has both grown and declined. It constantly changes over the course of 2011 and 2012.

Corporate Recruiters

155
136
 129
24
0
444
120
3.7
3.7

usiness schools by 0.1 in

se of the Corporate Recruiters.
15.9 16 16.1 16.1 16.2 16.2 16.5
15 16 17 18 19 20 21