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Unformatted text preview: The standard deviation statistic is interesting, though. The standard deviation for local and foreign tuition costs are $6533.7019 and $8235.9701, respectively; this tells us that the average distance from the mean of local tuition costs is closer than that of foreign tuition costs. Although local tuition costs are more positively skewed than foreign tuition costs, the difference is not enough to make any conclusions. Also, all data for both types of tuition costs fell within +-3 standard deviations, but I would take a further look at the costs that were +2 standard deviations. Although this data is useful, it is only a single statistic about our sample. To make any real conclusions, like how tuition costs relate to starting salary upon graduation, we would need additional categories of data. This data is only useful if someone is deciding to go to school locally or abroad based on money alone....
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- Fall '10
- Standard Deviation, Mean, #, $2000, $4257.35, $4850