Question: QUESTION 6 (20 Marks) 6.1 Read the information provided below and answer all the questions which follow. The CEO of GTD Insurance Limited wants to

QUESTION 6 (20 Marks) 6.1 Read the information provided below and answer all the questions which follow. The CEO of GTD Insurance Limited wants to examine the reasons behind the vastly different performances of the company's team of brokers. In this regard, ten (10) brokers employed by GTD Insurance Limited were randomly selected and surveyed to determine the number of insurance policies sold by each of them during the last quarter of 2019. The data recorded in Table 6.1, below, constitutes the duly verified number of policies sold by the 10 brokers, each anonymised by a 3-letter code. Table 6.1: The number of policies sold by the 10 brokers. Each of the brokers is anonymised by a 3-letter code Broker's code RWD TAM OSP MAQ KVB SEM IML NNM SKN No. of policies sold 36 25 24 34 30 23 30 50 54 80 MIM Required: 6.1.1 State whether the data recorded in Table 6.1 is discrete or continuous and specify the level of measurement (2 marks) 6.1.2 Quantitative data is sufficiently described by THREE (3) principal statistical measures. Discuss the three statistical measures? (3 marks) 6.1.3 Determine the mean, median, and mode of the data in Table 6.1 (5 marks) 6.1.4 Based on the answer in 6.1.3, describe the skewness of the distribution. What does the skewness suggest about the normality of the distribution? (2 marks) 6.2 Given that the motivation for the study was to examine the reasons behind the vastly different performances of the company's team of brokers, highlight ANY FOUR major reasons why the CEO of GTD Insurance Limited should have opted for a qualitative approach. (8 marks)
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