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Evaluate the standard deviation and range

Assignment Help Financial Management
Reference no: EM132426211

Purpose of Assignment

  • The purpose of this assignment to orient students to the key concepts in statistics. This assignment will introduce students to the language of statistics. Students will also get a chance to warm-up on evaluating some basic descriptive statistics using Excel prior to the course start.

Assignment Steps

  • This assignment has an Excel® dataset spreadsheet attached. You will be required to only do one of the three datasets.
  • Resource: Microsoft Exce, Statistics Concepts and Descriptive Measures Data Set
  • Download the Statistics Concepts and Descriptive Measures Data Set.

Choose one of the following datasets to complete this assignment:

  • Consumer Food
  • Financial
  • Hospital

Answer each of the following in a total of 90 words:

1. For each column, identify whether the data is qualitative or quantitative.

2. Identify the level of measurement for the data in each column.

3. For each column containing quantitative data:

  • Evaluate the mean and median
  • Interpret the mean and median in plain non-technical terms
  • Use the Excel =AVERAGE function to find the mean
  • Use the Excel =MEDIAN function to find the median

4. For each column containing quantitative data:

  • Evaluate the standard deviation and range
  • Interpret the standard deviation and range in plain non-technical terms
  • Use the Excel =STDEV.S function to find the standard deviation
  • For range (maximum value minus the minimum value), find the maximum value using the Excel =MAX function and find the minimum value using the Excel's =MIN function

Reference no: EM132426211

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