Statistics Concepts and Descriptive Measures DUE Monday May 1st at 16:00 hrs see attachement (WORK THE FINANCIAL DATA BASE TO COMPLETE ASSIGNMENT)

Purpose of Assignment

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® dataset spreadsheet attached.  You will be required to only do one of the three datasets. 

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

Download the Statistics Concepts and Descriptive Measures Data Set. 

Choose one of the following datasets to complete this assignment:

• Consumer Food
• Financial
• 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

• Grading Guide

  Content

  Met

  Partially Met

  Not Met

  Comments:

  This assignment has an Excel® dataset spreadsheet attached.  Students will be required to do one of the three datasets only and submit.

  Download the Consumer Food, Financial, or Hospital Excel® Data Set.

  Note: you have to work on only ONE dataset and not ALL.

  Answer each of the following in a total 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:

  o   Evaluate the mean and median

  o   Interpret the mean and median in plain non-technical terms

  o   Use the Excel =AVERAGE function to find the mean

  o   Use the Excel =MEDIAN function to find the median

  ·       For each column containing quantitative data:

  o   Evaluate the standard deviation and range

  o   Interpret the standard deviation and range in plain non-technical terms

  o   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

  Total Available

  Total Earned

  3

  #/3

  Writing Guidelines

  Met

  Partially Met

  Not Met

  Comments:

  The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.

  Intellectual property is recognized with in-text citations and a reference page.

  Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.

  Sentences are complete, clear, and concise.

  Rules of grammar and usage are followed including spelling and punctuation.

  Total Available

  Total Earned

  2

  #/2