[SOLVED] Statistics Concepts and Descriptive Measures

I’m trying to study for my Excel course and I need some help to understand this question.

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[SOLVED] Statistics Concepts and Descriptive Measures
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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® data-set spreadsheet attached. You will be required to only do one of the three data-sets.

Resource: Microsoft Excel®, Statistics Concepts and Descriptive Measures Data Set

Download the Statistics Concepts and Descriptive Measures Data Set.

Choose one of the following data-sets to complete this assignment:

  • Consumer Food
  • Financial (I chose this one)
  • 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

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