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 Excel®, 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:

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

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

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

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

Click the Assignment Files tab to submit your assignment.

Please use the finance data set. Thank you for your assistance.