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Find the descriptive statistics for the given problem such as minimum, maximum and percentile

A management consultant is in the process of restructuring the organizational hierarchy of a large corporation. She identified 3 possible types of organizational structures that are suitable for this large corporation: vertical structure, flat structure, or matrix structure. The selection of a particular type must be based on achieving the highest satisfaction level by employees and their managers. She conducted an expert-opinion elicitation session using seven experts, and received opinions about the best type of structure suitable for the company. The level of satisfaction was measured on a scale of 100 points (lowest, 0; highest, 100) with regard to each structure type as provided in the following table:

 

  Structural Organization

Level of Satisfaction (0, lowest; 100, highest)

type

Expert 1

Expert 2

Expert 3

Expert 4

Expert 5

Expert 6

Expert 7

Vertical

65

70

70

75

75

80

75

Flat

70

85

85

60

75

80

85

Matrix

80

70

75

75

90

85

85

 

sss3 New Restaurant -$80K $20K $160K Expand -$40K $20K $100K

Collective the opinions of the experts by computing the minimum, maximum, 25th percentile, 50th percentile, and 75thpercentile values.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920794

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