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1) A detailed description of the data used in this analysis - specifically explain what the data in each column represents.
1) A detailed description of the data used in this analysis - specifically explain what the data in each column represents.
- For each column in the data set for each major please explain what the column represents.
2) A detailed explanation of any information learned about,
- Explanations should be supported with the results obtained from your work in previous weeks.
a) School Type for each major;
- Use your results from Week's 1-7 Weekly Projects to draw conclusion about the School Type for each major.
b) The Cost for each major;
- Use your results from Week's 1-7 Weekly Projects to draw conclusion about the Cost for each major.
c) The 30 Year ROI for each major;
- Use your results from Week's 1-7 Weekly Projects to draw conclusion about the 30 Year ROI for each major.
d) The Annual % ROI for each major.
- Use your results from Week's 1-7 Weekly Projects to draw conclusion about the Annual % ROI for each major.
3) Finally, answer the following questions and support your answer with your results.
- Does there appear to be a particular major that gives a better ROI? Why or Why not?
- Using the results given in the section above, state which major you believe would have a better ROI and why.
- Given that we are using statistical inference to make our conclusions, is it guaranteed that the major you choose that gave a better ROI for this sample will always have a better ROI than the other major? Explain your reasoning.
- Using what you know about statistical inference to answer this question.