What are the measures of center and why are they important

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Reference no: EM131280212

Inferential statistics and analytics- project phase 1

Begin Phase 1 of your analysis by including the following information:

1. Introduce your scenario and data set.

o Provide a brief overview of the scenario you are given above and the data set that you will be analyzing.
o Classify the variables in your data set.

- Which variables are quantitative/qualitative?
- Which variables are discrete/continuous?
- Describe the level of measurement for each variable included in your data set.

2. Discuss the importance of the Measures of Center and the Measures of Variation.

o What are the measures of center and why are they important?
o What are the measures of variation and why are they important?

3. Calculate the measures of center and measures of variation. Interpret your results in context of the selected topic.

o Mean
o Median
o Mode
o Midrange
o Range
o Variance
o Standard Deviation

4. Conclusion

o Recap your ideas by summarizing the information presented.

Reference no: EM131280212

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