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The professor has asked the question below and I don't know how to begin: For each of the five variables, process, organize, present and summarize...

The professor has asked the question below and I don't know how to begin:

For each of the five variables, process, organize, present and summarize the data. Analyze each variable by itself using graphical and numerical techniques of summarization. Use MINITAB as much as possible, explaining what the printout tells you. You may wish to use some of the following graphs: stem-leaf diagram, frequency/relative frequency table, histogram, boxplot, dotplot, pie chart, bar graph. Caution: not all of these are appropriate for each of these variables, nor are they all necessary. More is not necessarily better. In addition be sure to find the appropriate measures of central tendency, and measures of dispersion for the above data. Where appropriate use the five number summary (the Min, Q1, Median, Q3, Max). Once again, use MINITAB as appropriate, and explain what the results mean.
Location Income ($1000) Size Years Credit Balance($) Urban 54 3 12 4016 Rural 30 2 12 3159 Suburban 32 4 17 5100 Suburban 50 5 14 4742 Rural 31 2 4 1864 Urban 55 2 9 4070 Rural 37 1 20 2731 Urban 40 2 7 3348 Suburban 66 4 10 4764 Urban 51 3 16 4110 Urban 25 3 11 4208 Urban 48 4 16 4219 Rural 27 1 19 2477 Rural 33 2 12 2514 Urban 65 3 12 4214 Suburban 63 4 13 4965 Urban 55 6 15 4412 Urban 21 2 18 2448 Rural 44 1 7 2995 Urban 37 5 5 4171 Suburban 62 6 13 5678 Urban 21 3 16 3623 Suburban 55 7 15 5301 Rural 42 2 19 3020 Urban 41 7 18 4828 Suburban 54 6 14 5573 Rural 30 1 14 2583 Urban 48 2 8 3866 Urban 34 5 5 3586 Suburban 67 4 13 5037 Rural 50 2 11 3605 Urban 67 5 1 5345 Urban 55 6 10 5370 Urban 52 2 11 3890 Urban 62 3 2 4705 Urban 64 2 6 4157 Suburban 22 3 18 3899 Urban 29 4 4 3890 Suburban 39 2 18 2972 Rural 35 1 11 3121 Urban 39 4 15 4183 Suburban 54 3 9 3730 Suburban 23 6 18 4127 Rural 27 2 1 2921 Urban 26 7 17 4603 Suburban 61 2 14 4273 Rural 30 2 14 3067 Rural 22 4 16 3074 Suburban 46 5 13 4820 Suburban 66 4 20 5149
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This question was asked on Jan 16, 2013.

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