Question details

Influence of Economics on Household Decision
$ 12.00
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  
Available solutions