QNT 561 Descriptive Statistics and Interpretation

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Create a Microsoft® Excel® spreadsheet with the two variables from your learning team's dataset.

Analyze the data with MegaStat®, StatCrunch®, Microsoft® Excel®or other statistical tool(s), including:

(a) Descriptive stats for each numeric variable
(b) Histogram for each numeric variable
(c) Bar chart for each attribute (non numeric) variable
(d) Scatter plot if the data contains two numeric variables

Determine the appropriate descriptive statistics.

(a) For normally distributed data use the mean and standard deviation.
(b) For significantly skewed data use the median and interquartile range.

Use the Individual Methodology Findings Template to complete the descriptive statistics.

Use
the Descriptive Statistics and Interpretation Example to develop an interpretation of the descriptive statistics.

The research question is if there a relationship between costs and revenues and profits and loss. 

 

Ho: There is a correlation between costs and revenues (IV) & profits and loss (DV).

 

H1: There is no correlation between costs and revenues (IV) & profits and loss (DV).

385 Particpants by taking a survey

 

Submit both the spreadsheet and the completed Individual Methodology Findings Template.

 


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  • 11 years ago
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