Description
- Please attach a word document for the items that cannot be answered on the excel sheet.
- 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
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Explanation & Answer

Kindly see attached files including the analyzed database and the corresponding interpretation
STATISTICAL ANALYSIS OF THE DATABASE
1
STATISTICAL ANALYSIS OF THE DATABASE
(NAME)
(PROFESSOR’S NAME)
(COURSE)
(DATE)
STATISTICAL ANALYSIS OF THE DATABASE
2
The database consists on 5 different columns, namely “Annual food spending”, “Annual
household income”, “Non-mortgage household debt”, “Region” and “Location”. The three first
columns are formed by quantitative data, whereas the other two are formed by qualitative data
considering either the geographical region of the different households (NE, MW, S or W) and
their type of location (metropolitan or outside metropolitan).
The database contains data regarding 200 different households. These data have been
analyzed to determine:
•
The level of measurement of each variable. In this regard, the first three variables are
intervals or continuous variables, whereas the last two variables are nominal or
categorical variables.
•
The characteristic central tendency measures of the quantitative data, including the
calculation of both the average and the median.
•
The characteristic measures of the variability of the results in the quantitative data,
including the calculation of the standard deviation, the minimum, the maximum and
the range
•
The mode as characteristic central tendency measure for the qualitative data.
The results from such analysis is summarized in the following table:
Quantitative
Annual
Household
Income
Quantitative
Non-mortgage
household
debt
Quantitative
Interval
Interval
Interv...
