Statistical summaries for quantitative university data sets

Reference no: EM131805649

Question: Find statistical summaries for two quantitative university data sets of your own choosing, related to your work, firm, or industry group. For each data set:

a. Compute the average, the median, and a mode.

b. For each of these summaries, explain what it tells you about the data set and the business situation.

c. Construct a histogram, and indicate these three summary measures on the horizontal axis. Comment on the distribution shape and the relationship between the histogram and the summaries.

d. Construct the box plot and comment on the costs and benefits of having details (the histogram) as compared to having a bigger picture (the box plot).

Reference no: EM131805649

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