Here’s Some DataAnd ways to organize it…

This is not very descriptive…

19.551.36

7.9954.07

12.3920.7

22.97

4.8813.941.52

70.8224.2825.1842.8645.8560.7522.51

Company Name and Per-Share Price

• Globe Specialty Metals Inc. 19.55• Education Management

Corporation 1.36• Vitacost.com, Inc. 7.995• Recon Technology, Ltd. 4.07• Northwest Bancshares, Inc. 12.39• Territorial Bancorp Inc. 20.7• Addus HomeCare Corporation

22.97

• Cumberland Pharmaceuticals Inc. 4.88• Omeros Corporation 13.94• DragonWave Inc 1.52• Avago Technologies Limited 70.82• Changyou.com Limited 24.28• Fortinet, Inc. 25.18• LogMein, Inc. 42.86• Medidata Solutions, Inc. 45.85• Verisk Analytics, Inc. 60.75• Echo Global Logistics, Inc. 22.51

NYSE Companies with IPOs in 2009, Companies per SectorSector Companies PercentCapital Goods 1 6%Consumer Services 2 12%Energy 1 6%Finance 2 12%Health Care 3 18%Public Utilities 1 6%Technology 6 35%Transportation 1 6%Total 17 100%Data collected from nasdaq.com on August 12, 2014

Nominal Level of Measurement

An alphabetic listing of retrievers

Chesapeake Bay Retriever

Flat-Coated Retriever

Golden Retriever

Labrador Retriever

Nova Scotia Duck Tolling Retriever

Ordinal Level of Measurement

Retrievers Listed by Popularity

#1 Labrador retriever

#2 Golden Retriever

#3 Chesapeake Bay retriever

#4 Flat-Coated Retriever

#5 Nova Scotia Duck Tolling Retriever

Interval Level of Measurement

Energy Requirements by Weight

Pounds Calories

40 615

50 752 (137 calories more than a 40 lb dog)

60 888 (137 calories more than a 50 lb dog)

70 1025 (etc.)

80 1161 (etc.)

90 1297 (etc.)

Ratio Level of Measurement

Typical Weights of Adult Retrievers by Breed

Nova Scotia Duck Tolling Retriever 44 pounds

Flat-Coated Retriever 65 pounds

Chesapeake Bay retriever 68 pounds

Golden Retriever 70 pounds

Labrador retriever 73 pounds

Population vs. Sample

• Population (think ALL) versus Sample (think PART OF ALL)

• NYSE: 2905 companies• DJIA: 30 companies (about 1% of NYSE)

• Benefits and Costs of Sampling (TANSTAAFL)• Time• Effort• Money• Error

Qualitative Data: ticker symbols of 2009 IPOsGSMEDMCVITCRCONNWBITBNKADUSCPIX

OMERDRWIAVGOCYOUFTNTLOGMMDSOVRSKECHO

Quantitative Data

• Discrete• “has gaps between numbers”• Number of shares sold• Number of home runs• Integers

• Continuous• No gaps (usually result of measuring something)• Weight, temperature, share price

Top 10 Priciest Dow Jones Companies

Based on Price per Share. Data collected Aug 12, 2014 from http://money.cnn.com/data/dow30/

Rank Ticker Company Price Change %Change Volume %dYTD1 V Visa Inc 210.13 -0.45 -0.2% 935,741 -5.7%2 IBM International Business Machines 187.24 -0.23 -0.1% 1,126,192 -0.1%3 GS Goldman Sachs Group Inc 172.00 -0.46 -0.3% 876,548 -3.1%4 MMM 3M Co 140.96 0.38 0.3% 1,513,217 0.3%5 CVX Chevron Corp 126.74 -0.97 -0.8% 2,374,365 1.5%6 BA Boeing Co 120.29 -0.51 -0.4% 1,580,386 -12.0%7 UTX UTX United Technologies Corp 104.97 -0.75 -0.7% 2,928,950 -7.8%8 CAT Caterpillar Inc 104.39 -0.11 -0.1% 2,098,384 15.0%9 JNJ Johnson & Johnson 100.52 -0.64 -0.6% 2,817,371 9.8%10 XOM Exxon Mobil Corp 98.14 -0.59 -0.6% 5,029,723 -3.2%

Ethics in Statistics (Vardeman & Morris, 2003)

• Principled collection, summarization, and analysis of data• Independent• Consistent• Transparent

• You will learn to avoid being fooled by ill intents or ignorance of others, or your own incorrect predispositions.

Now it’s your turn…

http://evansresearch.us/busa3050/cm02_data.xlsx

1. What is the share price for the public utility company with the 3rd highest market cap?

2. For the company in (1), calculate the number of shares.

3. Approximately how many shares are there, in aggregate, for the five companies in the Consumer Durables sector?