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## Statistics

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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