The distribution of employment size (number of employees) for different categories of businesses varies depending upon the need of the business. In this report, the distribution of employment size for Retail and Hotel & Catering business division in London for the year 2007 will be compared.
Table 1 shows the distribution of employment size for the Retail sector in London for the year 2007. About 65% of local units have employment sizes 0 to 4, and about 19% of local units have employment sizes 5 to 9. Further, about 93% of local units have an employment size of less than 20. Only, about 7% of local units have an employment size equal to or greater than 20.
Table 2 shows the distribution of employment size for Hotel & Catering in London for the year 2007. About 46% of local units have employment sizes 0 to 4; about 23% of local units have employment sizes 5 to 9, and about 19% of local units have employment sizes 10 to 19. Further, about 87% of local units have an employment size of less than 20. Only, about 13% local units have employment size equal to or greater than 20.
The average employment size for Retail sector is about 10. More than half of the units in the Retail sector have an employment size greater than 3. The standard deviation of the employment size for the Retail sector is about 39. The coefficient of variation for the Retail sector is about 380%. The mean is greater than the median value that suggests that the distribution of the employment size for the Retail sector is skewed to right (positively skewed).
The average employment size for Hotel & Catering is about 13. More than half of the units in Hotel & Catering have an employment size greater than 5. The standard deviation of the employment size for Hotel & Catering is about 38. The coefficient of variation for the Hotel & Catering is about 266%. The mean is greater than the median value that suggesting that the distribution of the employment size for Hotel & Catering is skewed to right (positively skewed).
In conclusion, the Hotel & Catering business divisions in London employ more people on average as compared to the Retail sector in London. Further, the spread of the Hotel & Catering business divisions in London is less as compared to the Retail sector in London. The majority of the local units of the Retail sector have an employment size less than or equal to four. However, for the Hotel & Catering business divisions, the majority of the local units have an employment size equal to or greater than five.
Table 1: The distribution of employment size for Retail sector in London, 2007
Table 2: The distribution of employment size for Hotel & Catering in London, 2007
Table 3
Table 4
Mean, Median, and Standard deviation for Retail sector in the UK for 2007
Mean
where xm = the midpoint of a class interval.
Median
Since n/2 = 18497.5, therefore, median class is 0 to 5.
F = 0, fm = 24085, h = 5, Lm = -0.5
Standard Deviation
Table 5
Table 6
Mean, Median, and Standard deviation for Hotel & Catering in the UK for the 2007
Mean
where xm = the midpoint of a class interval.
Median
Since n/2 = 10907.5, therefore, median class is 5 to 9.
F = 9980, fm = 4940, h = 5, Lm = 9.5
Standard Deviation
