Datacrackers, Inc., generated preliminary data from a client’s process as found in Prob04-05 in spreadsheet Ch04Data.xlsx on the Student Companion Site.
a. Apply the Excel Descriptive Statistics tool to compute the mean, standard deviation, and other relevant statistics, and interpret the results in a meaningful fashion.
b. Use the Frequency Distribution and Histogram Excel template to construct a frequency distribution and histogram for the data. From what type of distribution might you suspect the data are drawn? Experiment with the number of cells to create a visually appealing histogram and use the Excel Histogram tool to verify the results. Interpret your results from parts a. and b. for managerial purposes

Datacrackers, Inc.
Note: The Histogram macro and the Descriptive Statistics macro have been used to develop this solution.
They can be loaded into the Data menu during standard setup of Excel.
If available, they will show up as the Data Analysis label on the Data menu.
SORTED
DATA
1	1.7			Upper Cell		Cumulat.				Original Data set
2	1.7			Boundaries	Frequencies	Freq.	Cumulative %
3	1.9		Cell 1	1.5	0	0	0.01			38.1	38.5	38.3	37.3	38.4	39.2	38.9	38.7	39.0	38.6
4	1.9		Cell 2	2.0	5	5	0.04			38.1	38.5	38.4	37.6	38.4	39.2	38.9	38.7	39.0	38.6
5	2.0		Cell 3	2.5	9	14	0.12			38.2	38.5	38.4	37.7	38.4	39.3	38.9	38.7	39.1	38.7
6	2.3		Cell 4	3.0	9	23	0.38			38.2	38.5	38.4	37.8	38.4	39.3	38.9	38.7	39.1	38.7
7	2.4		Cell 5	3.5	20	43	0.67			38.3	38.6	38.4	37.9	38.4	39.3	38.9	38.7	39.1	38.7
8	2.4		Cell 6	4.0	31	74	0.82			38.3	38.6	38.4	37.9	38.4	39.4	39.0	38.7	39.1	38.7
9	2.4		Cell 7	4.5	14	88	0.95			38.3	38.6	38.4	37.9	38.4	39.4	39.0	38.7	39.1	38.7
10	2.5		Cell 8	5.0	11	99	0.99			38.3	38.6	38.4	38.1	38.4	39.5	39.0	38.8	39.1	38.7
11	2.5		Cell 9	5.5	1	100	1			38.3	38.6	38.4	38.1	38.5	39.6	39.0	38.8	39.2	38.7
12	2.5									38.3	38.6	38.4	38.1	38.5	39.9	39.0	38.8	39.2	38.7
13	2.5
14	2.5			Descriptive Statistics
15	2.6
16	2.6			Mean	3.5910
17	2.7			Standard Error	0.0809
18	2.8			Median	3.6500
19	2.8			Mode	3.6000
20	2.9			Standard Deviation	0.8088
21	3.0			Sample Variance	0.6542
22	3.0			Kurtosis	-0.2919
23	3.0			Skewness	-0.2404
24	3.1			Range	3.6000
25	3.1			Minimum	1.7000
26	3.1			Maximum	5.3000
27	3.1			Sum	359.1000
28	3.2			Count	100.0000							Step by Step Solution ★★★★★ 3.42 Rating (155 Votes ) There are 3 Steps involved in it 1 Expert Approved Answer Step: 1 Unlock a One of the advantages of using Excel spreadsheets is that a great deal of analysis can be done eas... View full answer Question Has Been Solved by an Expert! Get step-by-step solutions from verified subject matter experts Step: 2 Unlock Step: 3 Unlock Students Have Also Explored These Related Marketing Research Questions! Q: The data (Prob04-06 in Ch04Data.xlsx on the Student Companion Site) represent the weight of castings (in kilograms) being made in the Harrison Metalwork foundry. Based on this sample of 100 castings,... Q: For Questions 1 through 3, assume you are a commercial loan officer with a large regional bank. 1. What type of financing might you be interested in providing to AFC? 2. How would you go about... Q: Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes... Q: Question 2. (15 pts) Datacrackers, Inc., generated preliminary data from a clients process as found in Prob04-05 in spreadsheet HW3 Dataset .xlsx . Must use Minitab for both parts, a and b. a. Apply... Q: Problem 4-5 Datacrackers, Inc. Datacrackers, Inc., generated preliminary data from a client's process as found in the data below. A) Apply the Excel Descriptive Statistics tool to compute the mean,... Q: I need to get help with this case study PwC Case Studies in Taxation, 2013, PwC, LLP FLATIRONS, INC. Flatirons, Inc. (dba Flatirons Flapjacks Caf) specializes in unique breakfast and brunch menus and... Q: Study Guide Healthcare Statistics By Jacqueline K. Wilson, RHIA About the Author Jacqueline K. Wilson is a Registered Health Information Administrator (RHIA) who has more than ten years of experience... Q: Hi I know you opted out of an earlier question. I have several open questions. I really need to get them in. Would you be willing to take any of these questions? I have been waiting for 3 days. I... Q: Instuctor's Annotated Edition TENTH EDITION Understandable Statistics Concepts and Methods Charles Henry Brase Regis University Corrinne Pellillo Brase Arapahoe Community College Australia Brazil... Q: \fThis is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does... Q: You just heard a news story aboutmad cow diseasein a neighboring country, and you believe that feeder cattle prices will rise dramatically in the next few months as buyers of cattle shift to U.S.... Q: What is the reporting purpose of the statement of cash flows? Identify at least two questions that this statement can answer. Discuss. Previous Question Next Question Recommended Textbook More Books An Introduction To Six Sigma And Process Improvement Authors: James R. Evans, William M. Lindsay 2nd Edition 1133604587, 978-1133604587 Ask a Question and Get Instant Help! Study Help Services Sitemap Fun Definitions Become Tutor Used Textbooks Study Help Categories Recent Questions Expert Questions Campus Wear Sell Your Books Company Info Security Copyrights Privacy Policy Terms & Conditions SolutionInn Fee Scholarship Online Quiz Give Feedback, Get Rewards Get In Touch About Us Contact Us Career Jobs FAQ Student Discount Campus Ambassador Secure Payment Download Our App © 2026 SolutionInn. All Rights Reserved