Descriptive Statistics 793 solution

Descriptive Statistics 793 solution - Solution: a. Data...

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Solution: a. Data analysis using descriptive statistics 1) Calculate the measures of central tendency, dispersion, and skew for your data The descriptive statistics for Price is given below Using Microsoft Excel 2007 Add- Ins Megastat Descriptive Statistics Price count 105 mean 221.103 sample variance 2,218.919 sample standard deviation 47.105 minimum 125 maximum 345.3 range 220.3 sum 23,215.800 sum of squares 5,363,847.300 deviation sum of squares (SSX) 230,767.589 population variance 2,197.787 population standard deviation 46.881 standard error of the mean 4.597 skewness 0.474 kurtosis -0.277
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coefficient of variation (CV) 21.30% 1st quartile 187.000 median 213.600 3rd quartile 251.400 interquartile range 64.400 mode 188.300 The descriptive statistics for Size Using Microsoft Excel 2007 Add- Ins Megastat Descriptive Statistics Size count 105 mean 2,223.81 sample variance 61,831.50 sample standard deviation 248.66 minimum 1600 maximum 2900 range 1300 sum 233,500.00 sum of squares 525,690,000.00 deviation sum of squares (SSX) 6,430,476.19 population variance 61,242.63 population standard deviation 247.47 standard error of the mean 24.27 skewness 0.32 kurtosis 0.60 coefficient of variation (CV) 11.18%
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1st quartile 2,100.00 median 2,200.00 3rd quartile 2,400.00 interquartile range 300.00 mode 2,100.00 The descriptive statistics for
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Descriptive Statistics 793 solution - Solution: a. Data...

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